MARKET NEWS
Dollar Turns Higher as Ships Attacked in Strait of Hormuz - WSJ
The dollar turns higher after Iran attacked three ships in the Strait of Hormuz. The news comes after President Trump said the U.S. would extend its cease-fire with Iran but maintain a U.S. blockade on Iranian ports. Senior Iranian adviser Mahdi Mohammadi said on X that Trump’s cease-fire extension “means nothing.” The dollar could see further volatility, Monex Europe analysts say in a note. Any sustained easing in tensions would encourage renewed selling of the dollar whereas any resumption of hostilities would likely trigger another round of safe haven demand,
