U.S. Dollar Edges Lower As Iran Offers New Plan To US To End Gulf War

India, May 18 -- The U.S. Dollar value inched lower after reports indicated that Iran has sent a new 14-point peace proposal to the U.S. through Pakistan to end the war which boosted investor sentiments. In addition, the U.S. halted its planned attack on Iran for tomorrow at the request of Gulf leaders, reducing war concerns.

The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.98, down by 0.30 (or 0.30%) today.

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