The US Dollar (USD) remains the worst-performing G8 currency this week. The Dollar Index, which measures the value of the USD against a basket of six peers, trades right above 98.00 at the time of writing, its weakest level since the war in the Middle East started on February 28. 

Dow Jones futures remain flat near 48,750 during European hours on Wednesday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also hover near 7,000 and 26,000, respectively, at the time of writing.

Danske Research Team highlights that softer-than-expected US PPI for March did not materially alter market pricing for Federal Reserve cuts, with only a one-in-three chance of easing this year.

Deutsche Bank economists report highlights a strong rally in the S&P 500, which has risen in 9 of the last 10 sessions and now trades just below its record high.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its seven-day losing streak and trading around 98.20 during the Asian hours on Wednesday.

The US Dollar Index (DXY) fell toward the 98.10 region, reaching multi-week lows as softer inflation data and improving global sentiment led to a broad sell-off of the Greenback. Declining Oil prices and easing yields further contributed to the downward pressure.

The Dow Jones Industrial Average (DJIA) gained around 300 points, or 0.6%, trading near 48,500. The S&P 500 rose 1.1% while the Nasdaq Composite jumped 1.8%, led by a broad rally in technology names.

MUFG’s Senior Currency Analyst Lee Hardman notes that the US Dollar index has quickly surrendered its early-week rebound, returning close to pre‑conflict levels as optimism grows over further US–Iran talks and Middle East deescalation.

ING analysts note that the Dollar’s rebound has faded as markets price a de-escalation in US‑Iran tensions and falling Oil prices.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that global risk sentiment has improved as US–Iran diplomacy keeps a ceasefire in place, pushing Brent lower and the US Dollar (USD) softer.

Rabobank strategists note that US stocks have risen even as the Hormuz crisis threatens higher energy costs.

Dow Jones futures rise 0.12% to near 48,500 during European hours on Tuesday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also advance 0.16% and 0.28% to near 6,930 and 25,600, respectively, at the time of writing.

Deutsche Bank analysts report that the S&P 500 has recovered above its pre‑strike level as markets price a temporary conflict and potential US–Iran talks.

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.