Wall Street’s FX Roadmap Roiled by Dollar’s Best Run Since 2024

(Bloomberg) -- The dollar is on track for its best month since December 2024 as the conflict in the Middle East scrambles Wall Street’s playbook for the world’s dominant reserve currency. The Bloomberg Dollar Spot Index is up almost 2.7% in March, buoyed by haven flows and diminished expectations for Federal Reserve interest-rate cuts after the war caused energy prices to soar. It marks a sharp reversal for the greenback, which on the eve of the conflict had just logged its fourth straight losing month. ...