Israel and Hezbollah agree to a ceasefire – Reuters

Eren Sengezer FXStreet

Citing a senior US official on Friday, Reuters reported that Israel and Hezbollah have agreed to a ceasefire at 4 p.m. local time on Friday.

"We understand that after the exchange of fire earlier today, Israel and Hezbollah are now in a ceasefire," the official said and explained that negotiators for the US and Qataris worked out the deal with help from Iran.

Market reaction

The US Dollar Index inched slightly lower with the immediate reaction to this headline and it was last seen losing 0.05% on the day at 100.75.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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