Forecasting the upcoming week: Hormuz uncertainty keeps markets on edge as USD softens
The post Forecasting the upcoming week: Hormuz uncertainty keeps markets on edge as USD softens appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY) is losing momentum near 98.00 as safe-haven demand fades on the reopening news, but downside remains limited amid lingering geopolitical risks. Markets are experiencing fluctuations between relief and renewed caution as developments around the Strait of Hormuz continue to evolve. Earlier reports confirmed that this vital Oil chokepoint is “fully open and ready for full passage,” alleviating fears about prolonged supply disruptions. However, new developments are complicating the situation. Reports suggest that Iran may consider closing the Strait of Hormuz again if the United States maintains its naval blockade, warning that such an action would be viewed as a violation of the ceasefire. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD -0.09% -0.17% -0.59% -0.23% -0.31% -0.16% -0.49% EUR 0.09% -0.08% -0.52% -0.15% -0.22% -0.08% -0.42% GBP 0.17% 0.08% -0.45% -0.07% -0.14% 0.01% -0.32% JPY 0.59% 0.52% 0.45% 0.37% 0.28% 0.42% 0.09% CAD 0.23% 0.15% 0.07% -0.37% -0.08% 0.05% -0.26% AUD 0.31% 0.22% 0.14% -0.28% 0.08% 0.15% -0.19% NZD 0.16% 0.08% -0.01% -0.42% -0.05% -0.15% -0.34% CHF 0.49% 0.42% 0.32% -0.09% 0.26% 0.19% 0.34% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). EUR/USD is pushing higher toward the 1.1790 region, benefiting from the softer USD tone, although gains remain capped by cautious sentiment and mixed Eurozone data. GBP/USD is…
Filed under: News - @ April 17, 2026 7:26 pm