Dollar steadies as fragile US-Iran ceasefire weighs on markets

The dollar caught its breath ​in early Thursday trade after broad losses, as investors anxiously assessed whether a fragile two-week ‌ceasefire between the United States and Iran would hold. The dollar index, , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.03% to 99.09, with the euro down 0.07% at $1.1654. The yen also gave ​back some of the previous day’s gains, weakening 0.06% against the greenback to 158.7 per dollar. ​Sterling eased 0.04% to $1.3387. The greenback sank to a one-month low on Wednesday after the announcement ⁠of the truce in the Middle East conflict. Still, the deal appeared to be on thin ice, as Israel ​continued its parallel war against the Iran-aligned militia Hezbollah in Lebanon, while Tehran accused both Israel and ​the U.S. of violating the agreement and said that proceeding with peace talks would be “unreasonable.”