The U.S. dollar remained largely stable on Tuesday as investors balanced supply risks—stemming from the U.S. Navy’s control over all vessel movement entering or exiting the Strait of Hormuz—against the prospects of continued dialogue between Washington and Tehran.
اضافة اعلان
Currency Performance
The Dollar Index, which measures the greenback against a basket of currencies including the Yen and the Euro, rose 0.04% to 98.38.
Euro: Rose 0.03% to $1.1761.
Japanese Yen: Gained 0.08% against the dollar, reaching 159.3 yen.
British Pound: Increased 0.03% to $1.3508.
"Expectations for continued negotiations are helping to halt the deterioration of sentiment in financial markets," said Terumasa Kawakami, an analyst at MUFG Bank, in a note.
Geopolitical Tensions and Diplomacy
U.S. President Donald Trump stated that the military began enforcing control over ships departing Iranian ports on Monday. In response, Tehran threatened to retaliate by targeting the ports of its Gulf neighbors following the failure of weekend talks in Pakistan aimed at ending the war.
According to Reuters, negotiations between Washington and Tehran are still ongoing despite a tense meeting in Islamabad over the weekend. President Trump noted that Iran has reached out to the U.S. seeking a deal, while Vice President JD Vance stated in an interview that Washington expects Tehran to make progress regarding the reopening of the Strait of Hormuz.
Market Reactions
Oil: U.S. crude oil futures fell by more than $2 in early Asian trading to $96.99 per barrel.
Monetary Policy: Reuters sources indicated that the likelihood of the Bank of Japan raising interest rates this month has decreased. Fading hopes for an end to the war with Iran have kept markets volatile and clouded economic forecasts.
Commodity Currencies: The Australian Dollar fell 0.04% to $0.7091, while the New Zealand Dollar rose 0.03% to $0.5868.
Cryptocurrencies
Digital assets saw significant gains:
Bitcoin: Rose 1.70% to $74,438.67.
Ethereum: Surged 5.32% to $2,373.32.
Source: Reuters
