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The dollar fell to its lowest level in a month against a basket of major currencies after the US and Iran agreed to a two-week ceasefire. Stocks and bonds rallied as risk appetite returned, though the truce was described as fragile.
The ceasefire lowers oil-supply risk premiums and a weaker dollar supports dollar-priced commodity demand from importers.
marketscreener.comReutersApr 8, 2026After 255 past bearish geopolitics events, WTI moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, BRENT moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 33 past bearish geopolitics events, DXY moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The two-week ceasefire triggered a risk-on relief rally and pushed the dollar to a one-month low against major currencies on the same day.
