The Strait of Hormuz has reopened, and the dollar has erased all gains since the war began
By: www.chaincatcher.com|2026/04/17 13:55:39
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According to Jinshi reports, after Iran announced that the Strait of Hormuz is now "completely open" to commercial shipping, the dollar erased all gains since the outbreak of the U.S.-Iran war, with the dollar index DXY falling 0.5% intraday to its lowest level since February 27. As investors focus on the ceasefire and negotiations for a broader agreement, the index has declined consecutively. Jayati Baladwaj, head of foreign exchange strategy at TD Securities, stated, "Safe-haven buying has begun to fade. That is the reason for the dollar's decline."
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