How has the US Dollar Index reacted to the pause in US military action?

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The US Dollar Index Declined Following the Announcement of a Two-Week Pause in Military Action Against Iran

The US Dollar Index (DXY) experienced a decline of 0.35 per cent, reaching 99.635 points. This movement in the index occurred in the immediate aftermath of United States President Donald Trump's declaration of a two-week suspension of military operations targeting Iran.
Decline in the US Dollar Index

The US Dollar Index, which measures the dollar's value against a basket of major currencies, recorded a decrease to 99.635 points. This drop of 0.35 per cent reflects a shift in market sentiment that favoured a weaker dollar following the news.
Impact of the Iran Military Action Pause

The announcement by President Trump regarding the pause in military action against Iran was a significant factor influencing global markets. This decision, described as a "double-sided ceasefire," aimed to de-escalate tensions in the region.
Broader Market Sentiment and Crude Oil Prices

The market sentiment appeared to find temporary respite from heightened economic uncertainties that had been exacerbated by the conflict involving Iran. Concurrently, Brent crude prices also saw a substantial fall, dropping 15.70 per cent to US$92.12 per barrel, indicating a broader easing of geopolitical risk premiums.

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How has the US Dollar Index reacted to the pause in US military action?

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