The ceasefire just broke the cleanest dollar trade on the board

For weeks the easy trade was simple, stay with the dollar while war risk and oil pressure did the work. The ceasefire changed that. Now the market has to decide whether the dollar still deserves the bid without the same panic behind it. That usually makes FX harder, because the obvious trade is gone and what’s left is second-order repricing. Do you think this is the first real crack in dollar strength, or just a pause?