U.S. dollar steadies as Iran peace deal hopes waver
The dollar stabilized as U.S. strikes on Iran dampened hopes for a swift peace deal. Investors watch for yen intervention as the currency nears 160 per dollar.
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The United States dollar index rose to 99.05 on Tuesday as military strikes in Iran dimmed hopes for a peace deal. This follows a 0.3% decline on Monday when optimism over reopening the Strait of Hormuz briefly boosted risk sentiment. Persistent geopolitical tension keeps energy prices elevated, maintaining hawkish pressure on Federal Reserve interest rate policy.
