Dollar weakens as oil prices drop amid Middle East tensions
pre-market1 source ↓written by the desknot a recommendation
- per barrel following
- $89
- this week
- 25 bps Fed hike
The dollar softened against the euro and yen as Brent crude fell 8% to $89 per barrel following a pause in U.S. military strikes in Iran. This development has improved risk appetite ahead of central bank meetings, with traders pricing in a one-in-three chance of a 25 bps Fed hike this week.
Traders are closely monitoring potential yen intervention as market dynamics shift.
Not investment advice. For informational purposes only.