ATFX global chief market strategist Nick Twida said the USD may weaken over the next few trading sessions. Risk currencies such as AUD and JPY could see modest gains but large moves are unlikely. Significant uncertainty remains over when the strait will fully reopen and how long oil flows will take to normalize; normalization could take months, not weeks. He does not expect oil to return to $70 soon.

2026-06-15

ATFX global chief market strategist Nick Twida said the USD may weaken over the next few trading sessions. Risk currencies such as AUD and JPY could see modest gains but large moves are unlikely. Significant uncertainty remains over when the strait will fully reopen and how long oil flows will take to normalize; normalization could take months, not weeks. He does not expect oil to return to $70 soon.