The dollar fell amid indications that an agreement between America and Iran is imminent

The dollar traded near its lowest levels in a week in Asian market trading today, as hopes of reaching an agreement to reopen the Strait of Hormuz led oil prices to below $100 per barrel, despite the United States reducing the chances of reaching an agreement with Iran in the near future.

Against the yen, the dollar fell 0.2 percent to 158.9 yen, while the euro rose 0.3 percent to $1.1636, and the British pound rose 0.3 percent to $1.3476.

The Australian dollar increased 0.5 percent to $0.7162, and its New Zealand counterpart gained 0.4 percent to $0.5869.

The dollar index, which measures the performance of the US currency against a basket of six currencies, fell 0.1 percent during today’s trading to 98.95, its weakest level since May 18.

Oil markets declined in light of hopes of reaching a peace agreement, as Brent crude prices fell 5.4 percent to $97.91 per barrel, and US West Texas Intermediate crude fell 5.7 percent to $91.10 per barrel.

The price of Bitcoin rose 0.5 percent to $76,961.76, while the price of Ether settled at $2,091.65.