The greenback slipped against every G10 currency after Bloomberg reported a tentative US‑Iran ceasefire extension pending President Trump's sign‑off. Traders saw the Dollar Spot Index dip 0.2% by 11 a.m. New York time, erasing earlier gains that had been sparked by overnight skirmishes. The move signaled markets’ sensitivity to geopolitical headlines.

Risk‑aversion pushed the Swedish krona and New Zealand dollar ahead of peers, while the euro nudged past the $1.1650 threshold, its strongest level in weeks. Currency dealers noted that the spread‑tightening reflects investors betting on reduced Middle‑East tension, which could lower demand for safe‑haven assets.

For investors, the shift underscores how quickly political developments can reshape forex dynamics. With the ceasefire still awaiting formal approval, any reversal could trigger rapid re‑pricing across the currency basket. The episode reinforces the need for real‑time monitoring of diplomatic cues when managing exposure to dollar‑denominated positions.