Dollar Supported by Iran War and Slumping Stocks

The dollar index (DXY00) on Thursday rose by +0.35%. The dollar rose on Thursday as doubts about whether a ceasefire in Iran will materialize weighed heavily on stocks and boosted safe-haven demand for the dollar. Also, Thursday'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, Thursday's +4% surge in crude oil prices pushed inflation expectations higher and may prompt the Fed to keep ...