According to BNY’s Bob Savage, the Dollar is trading within a broader risk-on environment after the U.S.-Iran agreement to reopen the Strait of Hormuz eased energy supply concerns. FX markets are highly sensitive to policy divergence, with USD trends reassessed alongside JPY and KRW.
MUFG’s Lee Hardman notes that the US Dollar has extended losses after the US and Iran reached an interim agreement to end conflict and reopen the Strait of Hormuz.
Dow Jones futures gain over 1%, trading near 51,750 during the European hours on Monday, ahead of the US regular opening. However, S&P 500 futures rise 1.24% to near 7,530, and Nasdaq 100 futures advance 1.97%, trading near 30,250 at the time of writing.
ING analysts Chris Turner, Frantisek Taborsky and Francesco Pesole note that confirmation of a US-Iran ceasefire and the reopening of the Strait of Hormuz have pressured the Dollar as energy prices fall and risk assets rally.
Brown Brothers Harriman’s Elias Haddad notes that the Dollar has given back some post-payroll gains as optimism over a US-Iran breakthrough weighed on Brent Oil, but the bank still expects USD to edge higher near term.
The US Dollar (USD) has opened the week on its back foot, weighed down by an improved appetite for risk, following news of a peace deal between the US and Iran.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground and trading around 99.50 during the Asian hours on Monday.
The Dow Jones Industrial Average (DJIA) climbed 0.6% on Friday, settling near 51,200 and outperforming the rest of the US majors on a day when the tech-heavy Nasdaq Composite slipped into the red.
United States Vice President JD Vance said on Friday that Iran would not receive cash or released funds simply for signing a potential agreement, pushing back against what he described as false information surrounding a possible deal to reopen the Strait of Hormuz and end Iran’s nuclear weapons prog
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee argue that firmer US inflation and resilient labour markets underpin a higher-for-longer global rates backdrop, supporting the US Dollar.
Brown Brothers Harriman’s Elias Haddad notes that the positive shift in US-Iran relations initially weighed on the US Dollar (USD), but he still expects the USD to edge higher near term.
The US Dollar (USD) retraces gains on Friday amid a brighter market mood.
Nomura’s Dominic Bunning and colleagues note that while the Dollar bull case remains supported by strong US data, higher Fed rate expectations and robust US equities, historical patterns around US data surprises point to downside risks for USD over the next few months.
Deutsche Bank strategists note a strong rally in US equities, with the S&P 500 posting its largest gain in two months as falling Oil prices and reduced Fed hike expectations improved the near-term outlook.
Dow Jones futures remain steady around 50,880 during the European hours on Friday, ahead of the US regular opening. However, S&P 500 futures inch lower 0.09% to near 7,390, and Nasdaq 100 futures lose 0.29 %, trading near 29,380 at the time of writing.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after registering modest losses in the previous day and trading around 99.80 during the early European hours on Friday.
The US Dollar Index (DXY), which measures the Greenback's value against a basket of six major currencies, trims earlier gains on Thursday after US President Donald Trump said he had cancelled scheduled strikes and bombings against Iran planned for Thursday evening.
After Wednesday's near 2% drubbing, the Dow Jones Industrial Average (DJIA) spent Thursday doing something stranger than falling: very little.
United States (US) President Donald Trump said on Thursday that negotiations with Iran remain ongoing but warned of further military action, stating that additional strikes are expected later in the day. Trump made these statements in a Fox News interview.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is firm as United States (US) data show stalled disinflation and sticky inflation measures drifting away from the Federal Reserve’s (Fed) 2% target.
TD Securities strategists note that a softer core United Kingdom (UK) Consumer Price Index (CPI) print triggered initial US Dollar (USD) weakness, but they still expect the broad USD uptrend to remain supported into next week’s Federal Open Market Committee (FOMC) meeting.
The US Dollar (USD) claws back its slight early losses and edges higher during the European trading session amid intensifying fears that the ceasefire between the United States (US) and Iran, announced on April 8, could collapse due to the exchange of attacks in the last few days.
Dow Jones futures gain 0.61%, trading near 50,300 during the European hours on Thursday, ahead of the US regular opening. However, S&P 500 futures rise 0.67% to near 7,330, and Nasdaq 100 futures advance 1.03%, trading near 28,850 at the time of writing.
Deutsche Bank reports that global equities, led by the S&P 500 and NASDAQ, have fallen to one‑month lows as higher Oil prices and US‑Iran tensions revive stagflation concerns.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, edges lower during the Asian session on Thursday, stalling the overnight bounce from the vicinity of the weekly low.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 100.00 during the Asian hours on Thursday.
The Dow Jones Industrial Average (DJIA) fell about 1.2% on Wednesday, a near 600-point slide that settled just under 50,250 after tagging session lows around 50,150.
TD Securities strategists note that a softer United States (US) core Consumer Price Index (CPI) print triggered only modest US Dollar (USD) weakness. They argue the broad USD uptrend remains in place, supported by strong payrolls and geopolitical tensions.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar retains upside risk as US inflation is expected to heat up in May and the disinflation trend has stalled.
Commerzbank’s Volkmar Baur argues that a major US technology IPO could generate sizeable foreign capital inflows, supporting the US Dollar, particularly against the Euro.