Dollar index falls toward April low on Iran conflict optimism
Updated
Updated · Reuters · May 8
Dollar index falls toward April low on Iran conflict optimism
7 articles · Updated · Reuters · May 8
LSEG data showed the gauge nearing 97.63, with analysts saying a decisive break below that level could open declines toward February's 96.5 and January's 95.55 lows.
The dollar had risen during the Iran war on safe-haven demand, but improving expectations for negotiations are now weakening support for the greenback.
A rebound above 99.10 would strengthen the case for gains, while Friday's US jobs report could influence trading, though attention remains on efforts to end the conflict.
Is the Iran conflict masking the real threat to the dollar: America’s own unsustainable national debt?
As countries abandon the dollar, what currency could realistically take its place as the world’s financial anchor?