Dollar Hits Lowest Since War Started on Report End Is Near

The dollar wraps up Wednesday at the weakest level since February as investors are hopeful of the imminent end to the US-Iran war.

A gauge of the dollar fell 0.6% to the lowest level since Feb. 27 on a closing basis. It bounced back from an earlier intraday low when an Axios report said the White House believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding to end the conflict.