Dollar index at 101.36 set for 2.5% June gain as Gulf tensions rise and U.S. jobs data looms
AI Market Summary
Gulf tensions and renewed disruptions to Strait of Hormuz shipping lifted oil and boosted safe-haven demand for USD, keeping the dollar index near a near-year-best monthly gain. Major peers (EUR, GBP, AUD, NZD, JPY) remain under pressure, with JPY near multi-decade lows. Markets are focused on upcoming US jobs data and Fed Chair Warsh's forum remarks for near-term rate-path clarity.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT+0.11%
AI Insight · NCSIDXY2USD/USDTAI Insight
● Neutral
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Tensions between the United States and Iran have escalated in the Gulf, with energy shipping in the Strait of Hormuz again disrupted by strikes, lifting oil prices on Monday. The dollar index rose to 101.36 and was on track for a 2.5% gain in June, its biggest monthly rise in nearly a year. The euro, sterling, the Australian and New Zealand dollars, and the yen all stayed under pressure, with the yen sliding further to a fresh 40-year low. Markets are focused on upcoming U.S. nonfarm payrolls data and remarks by new Federal Reserve Chair Kevin Warsh at the ECB forum.
