Dollar Index 101.146rises, putting pressure on the won and oil prices
U.S. Eastern Time 8morning 7 hours 28 minutes: The Dollar Index rose to 101.146 from the previous session, up 0.090 points (0.089%). Amid clashes between the U.S. and Iran and President Trump's remark that "the ceasefire is over," international oil prices rose and the dollar strengthened, while the market awaits the release of the Federal Reserve FOMC minutes.
As of 8 morning U.S. Eastern Time, the Dollar Index (DXY) stood at 7 hours 28 minutes. It was 101.146 at the previous session's close, 101.056 higher by 0.090 points, 0.089%.
U.S. President Donald Trump said that "the ceasefire is over" that day. According to reports, the remark came as clashes between the United States and Iran intensified.
International oil prices rose as tensions between the U.S. and Iran escalated. The rise in oil prices was reported to be a factor, along with increased preference for safe-haven assets, that heightened pressure for a stronger dollar.
Market participants are seeking to confirm the Federal Reserve’s future stance ahead of the release of the minutes from the Federal Open Market Committee (FOMC) meeting. Observers have noted that volatility may continue until the minutes are released.
The dollar index is an indicator that reflects the value of the dollar against major 6 currencies. This rise could have a direct impact on the won–dollar exchange rate and domestic financial markets.
The key variables currently being watched are tensions between the United States and Iran, international oil price trends, and the FOMC minutes. Investors are monitoring the possibility that changes in these three variables could affect exchange rates and sectors differently.
Sources: 연합인포맥스
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