The greenback had initially gained due to safe-haven demand amid an escalating U.S.-Israel war with Iran that sparked a rally in oil prices. The dollar turned sharply lower after Trump’s comments.
At 17:24 ET (21:24 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 99.557. The index wiped out an advance of as much as 0.6% that had earlier pushed it to its highest level since late November 2025.
source https://www.investing.com/news/forex-news/asia-fx-slides-as-dollar-surges-on-iran-oil-shock-china-cpi-hits-3yr-high-4548696
