The U.S. Dollar value inched higher as supply-disruption concerns on crude oil due to the continued blockade of Strait of Hormuz, pushed inflationary pressures higher despite U.S. extending the ceasefire on Iranian attacks.
Anxiety around the Strait of Hormuz eclipsed the euphoria surrounding the announcement of an extended ceasefire, dampening market sentiment and dragging down stock prices. However, resilient corporate earnings despite war-led headwinds limited losses.
The euro weakened against other major currencies in the European session on Thursday, as Eurozone business activity unexpectedly slipped into contraction in April as a result of rising energy prices and falling services demand. The ongoing closure of the critical Strait of Hormuz, also led to the downturn...
The euro weakened against other major currencies in the European session on Thursday. The euro fell to nearly a 4-week low of 0.8654 against the pound and nearly a 2-week low of 1.1679 against the U.S. dollar, from early highs of 0.8679 and 1.1714, respectively. Against the yen, the euro slipped...
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday, as Asian markets traded lower, with traders remaining cautious as the blockade of all maritime traffic entering and exiting Iranian ports and the Strait...
The New Zealand dollar weakened against other major currencies in the Asian session on Thursday. The NZ dollar fell to 2-day lows of 0.5877 against the U.S. dollar and 93.75 against the yen, from yesterday's closing quotes of 0.5905 and 94.17, respectively. Against the Australian dollar, the...
The Australian dollar weakened against other major currencies in the Asian session on Thursday. The Australian dollar fell to more than a 1-month low of 1.6344 against the euro, from yesterday's closing value of 1.6355. Against the U.S. and the Canadian dollars, the aussie slid to 2-day lows...
The U.S. dollar climbed against its major counterparts in the New York session on Wednesday. The greenback climbed to 9-day highs of 1.1703 against the euro and 0.7850 against the franc. The greenback rose to 1.3492 against the pound and 159.57 against the yen. The currency is seen finding resistance...
The U.S. Dollar value moved higher after U.S. President Donald Trump announced an indefinite extension of the ceasefire set to lapse on April 22, which boosted the stock markets. However, the blockade on Strait of Hormuz and Iran's seizure of two ships in the strait kept the tensions alive and limited the dollar's slide.
Despite President Donald Trump extending the ceasefire with Iran, the attacks on ships near the Strait of Hormuz, as well as the uncertain geopolitical environment have kept markets nervous.
The British pound strengthened against other major currencies in the European session on Wednesday, after the British consumer price inflation increased in March to the highest level in three months, driven mainly by higher transport costs. Data published by the Office for National Statistics showed...
The British pound strengthened against other major currencies in the European session on Wednesday. The pound rose to an 8-day high of 0.8685 against the euro, a 5-day high of 215.66 against the yen and a 2-day high of 1.0558 against the Swiss franc, from early lows of 0.8702, 215.09 and 1.0536,...
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday. The greenback climbed to 8-day highs of 1.3474 against the pound and 159.64 against the yen. The greenback rose to 0.7826 against the franc. The greenback advanced to an 8-day high of 1.1718 against the...
The U.S. Dollar value edged higher as the U.S.-Iran standoff over the next round of peace talks kept the Strait of Hormuz effectively shut, pushing oil prices higher. In addition, more-than-expected U.S. pending home sales numbers and strong month-over-month retail sales supported the U.S. dollar.
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.