The dollar is falling, and the market is awaiting news of peace talks in the Middle East.

Before President Trump's news conference scheduled for 1:00 PM EST, the US dollar weakened, and the market was considering a possible ceasefire agreement with Iran as tensions escalated. Trump has threatened to destroy Iran's power plants and bridges if the Strait of Hormuz is not opened by tomorrow night, but reports of talks have helped ease tensions in the energy market. Crude oil futures are still slightly up, while US stock indices are mixed at the opening. The Wall Street Journal reports that the US dollar index fell by 0.3%, the dollar fell by 0.4% against the euro, and fell by 0.1% against the Japanese yen.