Oil prices on Tuesday pared some losses after President Donald Trump said the U.S. will respond to an Iranian attack that shot down an American helicopter. Crude benchmarks had slid earlier on easing tensions in the Middle East and hopes for a peace deal between Washington and Tehran.

At 12:54 ET (16:54 GMT), Brent crude futures expiring in August, the global oil benchmark, fell 2.8% to $91.60 a barrel, while U.S. West Texas Intermediate crude futures expiring in July declined 3.8% $87.81 a barrel. 

The U.S. dollar was marginally weaker on Monday, as risk sentiment outweighed safe haven demand after Iran and Israel halted strikes against each other following an appeal for calm from President Donald Trump.

It is also a big week for currency market participants as key U.S. consumer and producer inflation data will arrive, potentially impacting central bank interest rate actions.

At 15:48 ET (19:48 GMT), the U.S. dollar index, which tracks the greenback against a basket of currency peers, was down 0.1% to 100.00.

Gold prices inched higher on Monday, as easing Middle East tensions weighed on oil prices and calmed some jitters around a possible hawkish shift in central bank policy due to an energy-driven inflation burst.

By 08:46 ET (12:46 GMT), spot gold had edged up by 0.3% to $4,341.62 an ounce, while gold futures had risen slightly by 0.1% to $4,366.80 an ounce. In the previous session, the yellow metal fell to its lowest since March 23 but later pared losses to end largely flat.

Bitcoin edged lower on Tuesday as institutional investors continued to sell spot Bitcoin exchange-traded funds, albeit at a slightly slower pace than seen in prior weeks. 

Bitcoin slid 2.5% to $62,261.4 by 09:39 ET (13:39 GMT). The world’s largest crypto steadied this week after tumbling over 17% last week, amid a broad and extended rout in the sector.