Dollar slides, stocks jump as Trump signals pause on Iran strikes

LONDON, March ‌23 (Reuters) - The ​dollar ​plunged and stocks surged on Monday ‌after U.S. President Donald Trump ⁠said he had asked the ‌Department of Defence to ‌postpone "any and all" military strikes against Iranian power ​plants and energy infrastructure for five days.

The dollar ⁠had traded higher against most other currencies ​until the headline hit, sending the euro up over ​1% into ‌positive territory to $1.158, from around $1.487 earlier. The dollar ⁠index fell 0.3%, having shown a 0.6% rise earlier ⁠on.

U.S. stock futures jumped over 2%, ​while the STOXX 600 erased daily losses to turn positive. It ‌was last up 0.7%, having been down ‌over 2.2% in early ⁠trade.

(Reporting by ‌Amanda Cooper, ​Samuel Indyk and Harry Robertson; Editing by Dhara ‌Ranasinghe)

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