Dollar, VIX Sink as U.S.-Iran Talks Spur Risk Rally and Push Tariff Bets Aside
The dollar notched a seventh straight decline on Tuesday, while the Cboe Volatility Index slipped back near levels seen before the war, as traders eyed potential U.S.-Iran negotiations that might blunt the latest oil shock and curb appetite for safe-haven assets. The dollar index dropped to 98.08, after briefly hitting 97.968—its lowest mark since March 2. Over at Cboe, the VIX hovered near 18.4, retreating from last month's spike.
