The US dollar strengthened to a one-week high against major currencies on Monday, only to give up some of its gains as renewed tensions between the United States and Iran prompted investors to seek safe-haven assets. The move followed developments over the weekend. The United States said on Sunday that it had seized an Iranian
The Indian rupee edged higher in early trading on Monday, supported by mild dollar selling from foreign banks. However, traders indicated that the upward move may remain limited due to elevated crude oil prices and continued importer hedging demand. The rupee was quoted at 92.82 against the US dollar, marking a 0.1% gain from its
The British pound edged lower on Monday as escalating tensions between the United States and Iran pushed investors towards the safe-haven US dollar. The renewed geopolitical uncertainty raised concerns that a fragile two-week ceasefire could collapse, weighing on risk sentiment across markets. Sterling was last down 0.1% at $1.3503 as the dollar strengthened. Meanwhile, the
For years, the currency pecking order looked relatively fixed. The US dollar dominated, the euro and yen anchored the traditional reserve complex, and commodity currencies were often treated as useful but cyclical side trades. That hierarchy is now being challenged as oil, energy security and geopolitical fragmentation take on much greater importance in global markets.
The British pound remained largely stable on Friday, returning to levels seen before the onset of the Iran war, as currency markets showed limited reaction to renewed political pressure on Prime Minister Keir Starmer. Sterling held steady against the dollar at $1.35305, reflecting broader rangebound conditions across global currency markets. Traders appeared to overlook calls
There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening. The numbers don’t lie, but they don’t tell the whole story either The DXY index sits at roughly 98 as of mid-April 2026, down
Sterling rose modestly on Thursday after stronger-than-expected UK economic data lifted sentiment, while markets also tracked developments around a potential peace deal linked to the US-Iran conflict. The pound was last up 0.1% at $1.3575. Against the British currency, the euro slipped 0.1% to 86.94 pence. UK growth beats expectations Britain’s economy expanded more sharply
The dollar retreated on Wednesday and hovered near six-week lows, giving back most of the gains built up since the outbreak of war in the Middle East, as renewed hopes for diplomacy between Washington and Iran improved appetite for risk. The move came as investors responded to signs that talks could resume in Pakistan within
The British pound took a breather on Wednesday after its longest winning streak in a year, slipping against the US dollar as improving sentiment around a possible resolution to the Iran war weighed on the safe-haven greenback. The dollar had fallen to six-week lows as investor optimism picked up, prompting some cooling in sterling’s recent
The British pound strengthened against the US dollar on Tuesday, reaching levels last seen before the Iran conflict, as investors grew hopeful about a potential resolution to tensions. Sterling rose 0.33% to $1.3548, marking a return to levels recorded just before the conflict escalated in late February. Against the euro, the pound remained largely unchanged