Traders expect the dollar to strengthen over the next few weeks, citing ongoing
uncertainty in U.S.-Iran talks and an AI-driven U.S. equity rally. The dollar
index rose last month and was up 0.4% on Monday as investors gauge the
difficulty of U.S.-Iran negotiations. The conflict has closed the Strait of
Hormuz, pushing energy prices sharply higher and raising concern that central
banks, including the Fed, may need to raise rates to combat inf. Reports said
Iran would stop information-sharing with the U.S. after Israel expanded strikes
into Lebanon.
