Dollar falls from highs after Iran halts Israel strikes

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The dollar has pulled back from its highest level in nearly two months, after Iran said its attacks on Israel had ended, Reuters reports.

Tehran’s comments lured investors into other currencies that had been dented after strong US jobs data on Friday prompted traders to ramp up bets on a Federal Reserve rate rise this year.

The euro was a touch stronger on the day at $1.1533, but still hovered near its lowest level in around nine weeks, while the pound edged above three-week lows to $1.3390.

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