empty
 
 

2026.04.2314:28:42UTC+00Dollar Near 2-Week Highs

The dollar index hovered around 98.6 on Thursday, holding near a two-week high as traders remained focused on the intensifying standoff between the US and Iran. Uncertainty over peace negotiations persists, and rhetoric on both sides remains heated.

In the latest developments, US President Trump ordered the US Navy to target any vessels laying mines in the Strait of Hormuz and pledged to step up efforts to secure the strategic waterway. The US continues to enforce a blockade on ships traveling to and from Iranian ports, while Tehran has effectively restricted international maritime traffic. As a result, oil prices remain well above pre-conflict levels, and activity in the Strait is largely at a standstill.

Meanwhile, the Federal Reserve is widely expected to leave the federal funds rate unchanged at next week’s meeting and for most of the year. Markets are currently pricing in a 26% probability of a 25-basis-point rate cut in December, down from earlier expectations of two rate cuts this year before the conflict escalated.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback