The DXY rallied to fresh 2018 highs in N.Y. on Tuesday, supported early by reports the U.S. would pull out of the Iran nuclear deal (later confirmed by president Trump). The index topped at 93.28, levels last seen on December 27. EUR-USD fell to 1.1838 trend lows, before heading back to 1.175, while GBP-USD touched four-month lows of 1.3485 before recovering. USD-JPY stayed soft, with the uncertain geopolitical backdrop supporting the yen. USD-CAD peaked at 1.2997 as oil prices fell early, falling back later as WTI crude climbed on news of the Iran deal withdrawal.
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