Dollar Weakens as S&P 500 Hits Record High
The U.S. dollar fell slightly as the S&P 500 reached a new all-time high, reducing demand for the dollar. Geopolitical tensions eased with reports of a potential ceasefire extension between the U.S. and Iran, contributing to the dollar's decline. Mixed economic data and hawkish comments from Fed officials also influenced the dollar's performance.
Topics: Dollar Index Fed policy housing market manufacturing survey S&P 500 US-Iran ceasefire