The dollar index rallied to a 9.5-month high, finishing up +0.65%. The move was driven by renewed war risks in Iran that could keep crude oil prices elevated and prompt the Fed to delay cutting interest rates. Elevated oil and a firmer dollar are likely to pressure risk assets and bolster demand for safe-haven FX and bonds.
The dollar index rallied to a 9.5-month high, finishing up +0.65%. The move was driven by renewed war risks in Iran that could keep crude oil prices elevated and prompt the Fed to delay cutting interest rates. Elevated oil and a firmer dollar are likely to pressure risk assets and bolster demand for safe-haven FX and bonds.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
