The US Dollar (USD) holds onto its Monday’s losses amid optimism that the United States (US) and Iran are still in favor of a permanent ceasefire despite the absence of a breakthrough in the first round of talks in Pakistan during the weekend.
US Vice President JD Vance, speaking in an interview on Fox News, struck a cautiously optimistic tone on negotiations with Iran and suggested that meaningful progress has been made even as talks have yet to deliver a breakthrough.
The US Dollar Index (DXY) fell on Monday, as markets digest headlines of failed Iran-United States (US) peace talks over the weekend and reports that US President Donald Trump moved the US Navy to close the Strait of Hormuz, a development that would typically fuel a strong safe-haven bid for the Gre
The Dow Jones Industrial Average (DJIA) edged lower on Monday, slipping around 50 points to trade near 47,900 after recovering from a much steeper drop at the open. The S&P 500 rose 0.2% to trade above 6,800, while the Nasdaq Composite gained 0.6% to push above 23,000.
Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is firmer after President Trump announced a blockade of Iranian ports, with US Dollar Index (DXY) off its Asian highs and still seen within a broader bearish setup.
Rabobank’s Senior FX Strategist Jane Foley observes that speculators have been rebuilding long Dollar positions as the US currency acts as the preferred safe haven during the Middle East conflict.
TD Securities strategists Oscar Munoz and Eli Nir argue that US macro dynamics and Federal Reserve (Fed) policy expectations will be driven by developments in Iran, recent inflation data and incoming activity indicators.
Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen argues that, despite Iran’s Renminbi toll plans and geopolitical tensions, the US Dollar (USD) remains structurally dominant in trade and reserves.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US naval blockade of the Strait of Hormuz has pushed Brent Oil back above $100 and lifted the US Dollar (USD) as risk aversion returns.
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.25% higher to near 99.00 during the European trading session on Monday.
Deutsche Bank’s strategists highlight that S&P 500 futures are lower as the Iran conflict escalates and energy prices jump, pressuring global risk sentiment.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining in the positive territory after paring daily gains and trading around 99.00 during the Asian hours on Monday.
The US Dollar Index (DXY) fell toward the 98.60 price region as markets digest the latest US Consumer Price Index (CPI) report, which confirmed that inflation remains stubbornly elevated, largely driven by energy prices amid war in the Middle East.
The Dow Jones Industrial Average slumped around 300 points on Friday, or roughly 0.6%, retreating from the 48,000 handle after two sessions of ceasefire-fueled gains.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global markets are cautious ahead of US-Iran ceasefire talks, with Brent, equities and bonds reacting while the Dollar stabilizes.
TD Securities’ Global Strategy Team highlights that United States (US) Consumer Price Index (CPI) is the key event, with core inflation expected to rise 0.27% m/m and headline CPI to jump 0.90% m/m as higher Oil prices feed through.
ING’s Francesco Pesole notes that the US Dollar Index remains just below 99.0, with further downside seen if a permanent Middle East peace deal is agreed and Strait of Hormuz flows resume.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day losing streak and trading around 98.90 during the Asian hours on Friday.
The US Dollar Index (DXY) dropped to the 98.80 price region after the United States (US) Personal Consumption Expenditures (PCE) report confirmed that inflation remains sticky, reinforcing the Federal Reserve’s (Fed) cautious stance.
The Dow Jones Industrial Average climbed around 300 points on Thursday, or roughly 0.7%, extending a two-day rally that has seen the index recover sharply from its war-era lows.
Israeli Prime Minister Benjamin Netanyahu announced Thursday that he has ordered the start of direct negotiations with Lebanon "as soon as possible," with talks expected to center on disarming Hezbollah and establishing a formal peace between the two nations.
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar (USD) has stabilised after Iran said the ceasefire was violated, but still see scope for renewed weakness.
MUFG’s Head of Research Derek Halpenny notes the US Dollar has stabilised after a modest rebound as markets reassess the fragile Middle East ceasefire and its impact on risk sentiment.
Brown Brothers Harriman’s Elias Haddad (BBH) notes that interest rate differentials are keeping the US Dollar Index (DXY) in a 96.00–100.00 range, even as recent ceasefire optimism faded on compliance doubts.
The US Dollar (USD) has trimmed some losses to consolidate right above the 99.00 level on Thursday, after bouncing from lows at 98.50 on Wednesday. The safe-haven US Dollar has picked up as investors come to terms with the fragility of the ceasefire in Iran.
Dow Jones futures fall 0.36% to near 47,950 during European hours on Thursday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also lose 0.38% and 0.37% to near 6,800 and 25,000, respectively, at the time of writing.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining flat after three days of losses and hovering around 99.00 during the Asian hours on Wednesday.
The US Dollar Index (DXY) continued to grind lower during the front half of the US trading session on Wednesday, falling roughly 1% from the prior session's close near 100.00 to tag a low around 98.50 as the US-Iran ceasefire announcement triggered a broad wave of risk-on selling in the US Dollar.
Dow Jones Industrial Average (DJIA) futures surged around 1,200 points on Wednesday, up close to 2.6%, after a last-minute diplomatic breakthrough averted what had been shaping up as a catastrophic escalation of the US-Iran war.
MUFG’s Head of Research Derek Halpenny highlights that a two-week ceasefire between the US, Israel and Iran has sharply weakened the US Dollar as risk sentiment improves and Brent Oil falls.