The US dollar weakened on Tuesday as global markets staged a risk rally following US President Donald Trump’s announcement of a ceasefire between Israel and Iran, easing fears of a broader West Asia conflict.&nbsp;As per Reuters, the risk-sensitive Australian and New Zealand dollars climbed after the news, with the Australian dollar rising 0.35 per cent to $0.6483 and the New Zealand dollar up 0.37 per cent to $0.5998. The dollar, which had benefited from safe-haven flows during the 12-day conflict, fell broadly after Trump said a “complete and total” ceasefire would go into effect. The announcement came just hours after both Iran and Israel had escalated threats of new attacks.<h2>West Asia de-escalation lifts risk sentiment</h2>On Monday, US President Donald Trump said that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations.&nbsp;"On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12-DAY WAR'," Trump wrote on his Truth Social site.

The greenback fell 0.21 per cent to 145.79 against the Japanese yen. The euro edged up 0.21 per cent to $1.1602, while the British pound climbed 0.18 per cent to $1.3551.&nbsp;Rodrigo Catril, senior currency strategist at National Australia Bank, told Reuters, “It’s obviously positive news for risk sentiment. We need to have a bit more detail in terms of exactly what all this means and the conditions for a more long-lasting peace.”&nbsp;The ceasefire news followed an Iranian missile attack on a US air base in Qatar, which reportedly caused no casualties. Trump dismissed the strike as a “weak response” to earlier US attacks on Iranian nuclear infrastructure.<h2>Fed rate cut expectations add pressure on dollar</h2>As per Reuters, the dollar also faced additional headwinds from dovish comments by Federal Reserve Governor Michelle Bowman, who suggested the US central bank should consider cutting interest rates soon. Her comments were echoed by Fed Governor Christopher Waller, who recently indicated support for a rate cut at the Fed’s upcoming meeting in July.&nbsp;Tony Sycamore, a market analyst at IG, said there was growing divergence among Fed officials, adding, “The chance of a July rate cut is still underpriced. I think it should be higher than that.” According to CME’s FedWatch tool, the probability of a July rate cut rose to 20 per cent on Tuesday, up from 14.5 per cent a day earlier.&nbsp;All eyes are now on US Fed Chair Jerome Powell, who is scheduled to testify before Congress on Tuesday and Wednesday. Markets will closely watch his remarks for clues on the future path of US monetary policy.&nbsp;(With inputs from the agencies)&nbsp;

Analysts noted that peace prospects enhanced risk sentiment, although Fed rate cut expectations added pressure on the dollar. 

The US dollar weakened on Tuesday as global markets staged a risk rally following US President Donald Trump’s announcement of a ceasefire between Israel and Iran, easing fears of a broader West Asia conflict. As per Reuters, the risk-sensitive Australian and New Zealand dollars climbed after the news, with the Australian dollar rising 0.35 per cent to $0.6483 and the New Zealand dollar up 0.37 per cent to $0.5998. The dollar, which had benefited from safe-haven flows during the 12-day conflict, fell broadly after Trump said a “complete and total” ceasefire would go into effect. The announcement came just hours after both Iran and Israel had escalated threats of new attacks. West Asia de-escalation lifts risk sentiment On Monday, US President Donald Trump said that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the conflict between the two nations. "On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, 'THE 12-DAY WAR'," Trump wrote on his Truth Social site.

The US dollar weakened as global markets rallied following Trump's announcement of a ceasefire between Israel and Iran, easing West Asia conflict fears.

Dollar dips as Trump-brokered Israel–Iran ceasefire triggers global risk rally

US President Donald Trump has downplayed speculations of a rift in the Grand Old Party (GOP) over possible intervention by the United States. He says his supporters are ‘more in love’ with him and he is in love with them.“My supporters are more in love with me today, and I’m more in love with them, more than they even were at election time,” the President responded when asked about a possible rift in the GOP.&nbsp;Speaking from the South Lawn, Trump said, “I may have some people that are a little unhappy now, but… I have people outside of the base who can’t believe that this is happening. They’re so happy.” He added, “My base is more in love with me now than they have ever been.”But even though Trump is showing confidence in his MAGA support base, there has been disenchantment among his fan base regarding a major US intervention in the Middle East. Republican news anchor Tucker Carlson, former White House adviser Steve Bannon, and Rep. Marjorie Taylor Greene all have voiced concerns against US inclusion in the war, saying that this contradicts with America First policy of Trump.A recent internal survey by Economist/YouGov shows that only 19 per cent of MAGA supporters are in support of any possible intervention in the Middle East conflict.&nbsp;This is not what people voted for in 2016 or 2024,” Bannon said during a recent podcast episode. “We didn’t elect Trump to become another war president.”"My supporters are for me. My supporters are America First and Make America Great Again. My supporters don't want to see Iran have a nuclear weapon," Trump said. Trump, when asked about his decision to mobilise the US forces in the Middle East he replied with his usual ambiguity, saying he has not decided on it yet.

President Trump brushes aside growing MAGA unease over U.S. intervention plans in the Middle East, claiming his supporters are "more in love" with him than ever, even as key allies like Bannon and Greene warn of betrayal.

US President Donald Trump has downplayed speculations of a rift in the Grand Old Party (GOP) over possible intervention by the United States. He says his supporters are ‘more in love’ with him and he is in love with them. “My supporters are more in love with me today, and I’m more in love with them, more than they even were at election time,” the President responded when asked about a possible rift in the GOP. Speaking from the South Lawn, Trump said, “I may have some people that are a little unhappy now, but… I have people outside of the base who can’t believe that this is happening. They’re so happy.” He added, “My base is more in love with me now than they have ever been.” But even though Trump is showing confidence in his MAGA support base, there has been disenchantment among his fan base regarding a major US intervention in the Middle East. Republican news anchor Tucker Carlson, former White House adviser Steve Bannon, and Rep. Marjorie Taylor Greene all have voiced concerns against US inclusion in the war, saying that this contradicts with America First policy of Trump. A recent internal survey by Economist/YouGov shows that only 19 per cent of MAGA supporters are in support of any possible intervention in the Middle East conflict. This is not what people voted for in 2016 or 2024,” Bannon said during a recent podcast episode. “We didn’t elect Trump to become another war president.” "My supporters are for me. My supporters are America First and Make America Great Again. My supporters don't want to see Iran have a nuclear weapon," Trump said. Trump, when asked about his decision to mobilise the US forces in the Middle East he replied with his usual ambiguity, saying he has not decided on it yet.

President Trump brushes aside growing MAGA unease over U.S. intervention plans in the Middle East, claiming his supporters are "more in love" with him than ever, even as key allies like Bannon and Greene warn of betrayal.

'My supporters are more in love with me than ever': Trump shrugs off GOP backlash over possible Middle East war

us-intervention-in-israel-iran-war

Us Intervention In Israel Iran War, News on Us Intervention In Israel Iran War, stories on Us Intervention In Israel Iran War, articles on Us Intervention In Israel Iran War, Us Intervention In Israel Iran War stories at Wion, Us Intervention In Israel Iran War news, Us Intervention In Israel Iran War latest news

us intervention-in-israel-iran-war

Dollar dips as Trump-brokered Israel–Iran ceasefire triggers global risk rally

Trump denies GOP backlash over possible Middle East war