Deutsche Bank’s Henry Allen argues that the S&P 500’s modest pullback versus past Oil shocks reflects markets pricing a short conflict, resilient macro data and still‑dovish central banks.

Societe Generale’s Kit Juckes discusses Robin Brooks’ view that the Dollar looks significantly overvalued versus G10 rate differentials and could fall sharply on a ceasefire, with Oil tumbling and safe-haven flows reversing.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that a prolonged energy shock from the Iran conflict heightens financial stability risks and supports the Dollar beyond what rate differentials imply.

Dow Jones futures fall 0.2% to near 46,800 during European hours on Tuesday, ahead of the regular United States (US) open. Meanwhile, S&P 500 and Nasdaq 100 futures also decline 0.34% and 0.45% to near 6,620 and 24,250, respectively, at the time of writing.

ING’s Chris Turner notes the Dollar (USD) remains supported as investors await a White House deadline linked to the US-Iran conflict and elevated energy prices. Strong US jobs data and resilient activity could see markets price Federal Reserve (Fed) hikes if Oil rises further.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering losses in the previous trading day and hovering around 100.00 during the European hours on Tuesday.

OCBC strategists Christopher Wong and Sim Moh Siong note that global markets are cautious as Hormuz risks and energy disruptions threaten to evolve into a broader energy shock. Survey data already show rising input costs and longer delivery times.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.10 during the Asian trading hours on Tuesday.

The Dow Jones Industrial Average gained a scant 120 points, or 0.3%, on Monday in the first session following the Good Friday market closure. The index pushed toward 46,700 in early trading before fading through the midday session and ultimately settling around 46,500.

The US Dollar Index (DXY) fell towards the 100.00 area on Monday as markets were weighed by United States (US) President Donald Trump’s latest Strait of Hormuz ultimatum against growing hopes for a ceasefire framework between the US and Iran.

The US Dollar Index (DXY) struggled to crimp downside momentum near the 100.00 handle on Monday after a volatile day that saw the index slide from overnight highs near 100.30 down to a session low near 99.75 before staging a late recovery.

Donald Trump, United States (US) President, said that he is very upset that guns were supposed to go to protesters, but were kept by a certain group. He added that they’re going to pay a big price for that at a speech in Washington on Monday.

MUFG’s Lloyd Chan notes that persistent geopolitical tensions around Iran are reinforcing USD strength. Elevated US yields, resilient labour data and fading expectations for Fed rate cuts underpin Dollar carry appeal.

Dow Jones futures have recovered daily losses and are trading around 46,660, up by 0.06%, during European hours on Monday, ahead of the regular United States (US) open.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.25 during the Asian trading hours on Monday.

United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.00 during the early European trading hours on Friday. The DXY holds positive ground amid fresh concerns over a prolonged conflict in the Middle East.

The US Dollar Index (DXY) bounced back toward the 100.00 area after United States (US) President Donald Trump said the US would intensify strikes on Iran over the next two to three weeks, crushing hopes for a near-term de-escalation and reviving safe-haven demand for the Greenback.

Futures contracts on the Dow Jones Industrial Average (DJIA) shed a meager half-percent on Thursday, but that number tells almost none of the story. At the session lows, the DJIA was down more than 600 points, the S&P 500 had shed 1.5%, and the Nasdaq Composite was off 2.2%.

MUFG’s Lee Hardman argues the US Dollar’s response to the Middle East-driven energy shock has lost momentum. He cites lingering optimism about a relatively quick end to the conflict, a higher US policy risk premium, and yield spreads moving against the Dollar as key factors.

TD Securities analysts note that US yields flattened as geopolitical headlines from Iran and comments by Trump dominated sentiment. Strong ISM Manufacturing and Retail Sales data surprised to the upside, while they expect a below-consensus 30k payrolls print and unchanged unemployment.

Dow Jones futures decline 0.88%, below 46,400 during European hours on Thursday, ahead of the United States (US) regular market open. Meanwhile, S&P 500 and Nasdaq 100 futures fall 1.1% and 1.4% below 6,550 and 23,900, respectively, at the time of writing.

ING analysts Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar has regained support as risk-off sentiment returns following renewed Middle East escalation and uncertainty around the Strait of Hormuz.

The US Dollar (USD) is regaining lost ground on Thursday, and the DXY returns to levels above the 100.00 line at the time of writing, buoyed by the risk-averse sentiment. US President Donald Trump crushed hopes of a swift end to the Iran war and sent the Greenback higher across the board.

DBS strategist Philip Wee argues that the US Dollar’s near-term haven support could pause unless US equities make fresh year lows.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.00 during the early European trading hours on Thursday. The DXY rises following an address to the nation by US President Donald Trump. 

DXY fell more than 0.5% on Wednesday, drifting into session lows around 99.30 after opening close to 99.90. The index has been under steady selling pressure all session, carving a series of lower highs on the intraday chart as the ceasefire narrative gained traction.

The Dow Jones Industrial Average climbed around 400 points on Wednesday, or roughly 0.9%, as equities extended their rally into a second session on growing hopes that an end to the US-Iran conflict may be in sight.

The US Dollar (USD) kept its bearish impulse well in place for the second day in a row on Wednesday, this time retreating from recent multi-month tops on the back of the marked improvement in the risk-associated universe and rising hopes of a potential end to the conflict in the Middle East sooner r

TD Securities analysts highlight that strong February US Retail Sales and a third consecutive rise in ISM Manufacturing could support the Dollar in coming days.