"The dollar index held steady on Friday and remained on track for its first weekly gain in three weeks, as stalled US-Iran peace efforts continued to support demand for the currency."
"Persistent uncertainty around the Strait of Hormuz has kept risk sentiment fragile and maintained the dollar's safe-haven appeal."
"Jobless claims remain low by historical standards, indicating limited layoffs, while preliminary PMI figures showed a strong rebound in both manufacturing and services activity."
"The trajectory of the dollar and yields will remain closely tied to developments in the Middle East, with any escalation likely to reinforce the current safe-haven bid."
The dollar index remained steady, on track for its first weekly gain in three weeks, supported by stalled US-Iran peace efforts. Uncertainty in the Strait of Hormuz has bolstered the dollar's safe-haven appeal. President Trump's aggressive stance and ongoing blockades have disrupted global energy flows. Economic data shows resilience, with low jobless claims and a rebound in manufacturing and services. Future dollar and yield movements will depend on Middle East developments and the Fed's upcoming interest rate decision.
Read at London Business News | Londonlovesbusiness.com
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