The dollar extended its weakness against major currencies on Friday and was on track to end the week lower, following reports that the U.S. and Iran reached an agreement to extend the ceasefire in the Middle East and lift restrictions on shipping through the Strait of Hormuz. The deal, still awaiting Trump’s approval, aims to Read More
The dollar strengthened to a one-week peak on Thursday as tensions in the Middle East escalated following new U.S. strikes on Iran, while the yen weakened towards a threshold that prompted central bank intervention last month. Iran’s Revolutionary Guards announced that they aimed at a U.S. airbase following what they characterised as a pre-dawn U.S. Read More
US Dollar Index experiences slight declines near 99.10 during the early European session on Wednesday. The United States reported that it targeted boats and missile installations in Iran. Increasing anticipation of stricter monetary policy may bolster the US Dollar. The US Dollar Index, which reflects the value of the US Dollar against a selection of Read More
The US dollar is exhibiting a marginally stronger position against the majority of currencies today. Recent hostilities in the Middle East conflict have dampened expectations for a prolonged ceasefire; however, such clashes are typical in these contexts. On Polymarket, the probability that the Strait of Hormuz will open by the end of June has decreased Read More
The dollar is exhibiting a stronger tendency, rebounding from the previous day’s declines during the North American afternoon session. A disappointing employment report coupled with a lacklustre PMI has positioned the Australian dollar as the weakest among the G10 currencies, a notable shift from its leading status just a day prior. The dollar continues to Read More
The U.S. dollar held steady just below a six-week high on Thursday, pulling back as optimism grew regarding Washington’s potential agreement with Tehran to address the ongoing conflict in the Middle East. The Australian dollar faced a downturn following an unforeseen rise in the unemployment rate, which has now reached its peak since 2021. This Read More
The U.S. dollar maintained its position close to a six-week high on Wednesday as investors adjusted to the potential necessity for elevated interest rates to combat inflation stemming from the Iran war, consequently pushing the Japanese yen back into the intervention zone. The ongoing uncertainty regarding the conclusion of the Middle East conflict has negatively Read More
The dollar stabilized during Asian trading on Tuesday, as market participants processed U.S. President Donald Trump’s declaration of a halt to a proposed military action against Iran to facilitate negotiations. The U.S. dollar index, which gauges the greenback’s strength against a basket of six currencies, increased by 0.1% to 99.076, drawing bids after breaking a Read More
The dollar strengthened against most major currencies on Monday as renewed tensions in the Middle East pushed oil prices higher and a global bond selloff reduced risk appetite, while the weakness of the yen kept traders vigilant for potential Japanese intervention. The euro was last quoted at $1.1609, while sterling was valued at $1.3305, with Read More
The dollar advanced alongside U.S. Treasury yields on Friday, positioning itself for its most significant weekly increase in over two months, as rising inflationary pressures from elevated energy prices bolstered expectations of a Federal Reserve rate hike this year. Markets were closely monitoring the second day of a summit between U.S. President Donald Trump and Read More
