The US Dollar has fallen to a new low of 97.98 as the announcement of a ceasefire reduces its appeal as a safe haven. With geopolitical tensions easing, traders are turning their attention to upcoming economic indicators. Market participants await vital consumer confidence data from the US, along with insights from Federal Reserve Chair Jerome Powell’s testimony. These developments will play a crucial role in determining the future trajectory of the US Dollar.

Investors should remain vigilant as the market adjusts to both geopolitical realities and economic figures that can shape currency movements.