LONDON, March 23 (Reuters) - The dollar plunged and stocks surged on Monday after U.S. President Donald Trump said he had asked the Department of Defence to postpone "any and all" military strikes
Dollar Slides and Stocks Jump as Trump Signals Pause on Iran Strikes
Market Reactions to Trump’s Announcement on Iran
Immediate Impact on Currency Markets
LONDON, March 23 (Reuters) - The dollar plunged and stocks surged on Monday after U.S. President Donald Trump said he had asked the Department of Defence to postpone "any and all" military strikes against Iranian power plants and energy infrastructure for five days.
Euro and Dollar Index Movements
The dollar had traded higher against most other currencies until the headline hit, sending the euro up over 1% into positive territory to $1.158, from around $1.487 earlier. The dollar index fell 0.3%, having shown a 0.6% rise earlier on.
Stock Market Performance
U.S. and European Stock Indices
U.S. stock futures jumped over 2%, while the STOXX 600 erased daily losses to turn positive. It was last up 0.7%, having been down over 2.2% in early trade.
Market Sentiment and Volatility
Reporting Credits
(Reporting by Amanda Cooper, Samuel Indyk and Harry Robertson; Editing by Dhara Ranasinghe)
