Dollar steady as traders fret about escalating Iran war
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump sets 8:00 p.m. ET Tuesday deadline for Iran to reopen Strait of Hormuz Iran sets new condition for Hormuz reopening, warns on Red Sea route Is the world running out of oil? Goldman Sachs weighs in What oil price will be required to stop people from travelling? (South Africa Philippines Nigeria) Dollar steady as traders fret about escalating Iran war By Economy Published 04/05/2026, 09:11 PM Updated 04/05/2026, 09:12 PM Dollar steady as traders fret about escalating Iran war 0 Euro US Dollar -0.07% British Pound US Dollar 0.02% US Dollar Japanese Yen 0.04% Australian Dollar US Dollar 0.09% Gold Spot US Dollar -0.93% Japanese Yen US Dollar -0.04% DX 0.08% GC -0.44% CL 0.16% By Ankur Banerjee SINGAPORE, April 6 - The dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stock of the escalating Iran war, with all eyes on the latest deadline from U.S. President Donald Trump to reopen Strait of Hormuz. In an expletive-laden Easter Sunday social media post, Trump threatened to target Iran’s power plants and bridges on Tuesday if the strategic waterway is not reopened, setting a precise deadline of Tuesday 8 p.m. Eastern Time (0000 GMT). With most of Asia and Europe closed for holiday on Monday, liquidity is likely to be thin, although risk-off sentiment has broadly set in at the start of the week. "Trump’s latest deadline itself is bearish not because investors think war is guaranteed tomorrow if Iran does not open the Strait, but because every new ultimatum makes the disruption look longer, stickier, and more macro-negative," said Charu Chanana, chief investment strategist at Saxo in Singapore. "Investors are treating this as an oil-to-inflation-to-rates problem, which is why the dollar remains the cleanest haven for now, while gold , bonds and yen have all looked far less reliable than in a normal geopolitical scare." The euro eased 0.13% to $1.151...
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