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Forex

Dollar Stuck in Neutral Ahead of FOMC Minutes Amid Iran Tensions

Guavy AI Editorial Team
Instruments
USD
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The US Dollar Index (DXY) is stuck in neutral near 101.50 as investors wait for the Federal Open Market Committee (FOMC) minutes to provide clarity on monetary policy expectations.

The lack of directional momentum in the dollar reflects market uncertainty about the Fed's next move, with traders bracing themselves for any surprises in the minutes that could trigger a breakout from this tight consolidation.

Meanwhile, rising tensions in the Middle East, particularly involving Iran, are adding to the cautious mood and supporting demand for safe-haven assets like the US dollar.

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