U.S. dollar to remain stuck in range, dependent on the Strait of Hormuz

Reuters poll strategists said U.S.-Israel war developments with Iran will steer the dollar in the near term, with the currency expected to remain range-bound before weakening later this year. The outlook implies limited immediate upside for the dollar, but elevated geopolitical risk could keep FX markets volatile.

Analysis

Reuters poll strategists said U.S.-Israel war developments with Iran will steer the dollar in the near term, with the currency expected to remain range-bound before weakening later this year. The outlook implies limited immediate upside for the dollar, but elevated geopolitical risk could keep FX markets volatile.