Dollar Recovers as Fed Holds Rates, US Strikes Iran Resume
📉 DOLLAR — Fed holds, strikes resume, and the safe-haven trade just reset. 📌 LOOK CLOSER: Dollar recovery signals markets price the strikes as contained, not spiral — for now. Fed holding rates removes the cut-cushion traders had factored in, tightening conditions while oil climbs. Stronger dollar compresses Brent's rise in euro terms, giving European importers marginal relief. But if Hormuz closes, the dollar-oil correlation breaks entirely.
