Iran Ceasefire Doubts Boost the Dollar

The dollar index (DXY00) today is up by +0.19%.  The dollar is climbing today as doubts about whether a ceasefire in Iran will materialize weigh on stocks and boost safe-haven demand for the dollar.  Also, today's decline in US weekly continuing unemployment claims to a 1.75-year low is a sign of a strong labor market that is hawkish on Fed policy and dollar-supportive. In addition, today's +3% surge in crude oil prices pushed inflation expectations higher and may prompt the Fed to keep monetary policy res ...