Wednesday, April 15, 2026

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Dollar drops to two-week low as ceasefire boosts global currencies and cryptos

The US dollar fell to its lowest level in two weeks in early Asian trading, while the euro, yen, and the Australian and New Zealand dollars surged following the announcement of a two-week ceasefire between the United States and Iran.

TAS News Service

info@thearabianstories.com

Wednesday, April 8, 2026

SINGAPORE – The yen rose 0.6 percent to 158.68 per dollar, the euro climbed 0.7 percent to $1.167, and the British pound gained 0.7 percent to $1.3385. The Australian dollar advanced 1.3 percent to $0.7068, while the New Zealand dollar jumped 1.4 percent to $0.5810.

The dollar index, which tracks the US currency against a basket of six major currencies, fell 1.0 percent to 98.97, marking its lowest point in two weeks.

Cryptocurrencies also reacted positively, with Bitcoin rising 3.4 percent to $71,664.41 and Ether climbing 5.7 percent to $2,234.78.

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