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Commodities

Dollar Index Unchanged as Oil Prices Fall Back Amid US-Iran Tensions

Guavy AI Editorial Team
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Oil
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The US dollar remains unchanged despite oil prices falling by about -3%.

This decrease in oil prices has led to a decline in the dollar index (DXY00), which is being undercut today due to lower oil prices and a drop in the 10-year T-note yield by approximately -3 basis points.

The market is bracing for possible US military attacks on Iran, with President Trump saying he is considering a 'massive attack' that would be 'bigger than ever before.'

The Houthis have vowed to blockade shipping linked to Saudi Arabia and warned shipowners against calling at the nation's ports.

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