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.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.61, up by 0.24 (or 0.24%) today.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.