The dollar declines amid hopes for a quick end to the war with Iran

The dollar has lost some of its appeal as a safe haven due to speculation that the war in the Middle East may be limited, which has led to a decline in very high oil prices and the rise of risky assets.

The price of the dollar reached 157.73 yen and 1.1632 against the euro at the beginning of Asian trading, but it retreated from its highest levels the previous day after US President Donald Trump told CBS News that Washington was “very advanced” in the war against Iran from his initial estimate, which was between four to five weeks.