US Dollar Index Rebounds Amid Fed Uncertainty and Geopolitical Shifts
The US Dollar Index (DXY) has clawed back 1% from recent lows, yet Federal Reserve policy ambiguity and impending economic data loom as persistent headwinds. Geopolitical tensions in the Middle East, particularly the Iran-Israel ceasefire, have paradoxically weakened the greenback as investors pivot from safe-haven assets.
Oil markets witnessed a dramatic collapse, erasing a key support pillar for the dollar. The rapid sentiment shift underscores the fragility of current market dynamics, with traders recalibrating strategies across critical sectors.