“Dollar Strengthens as World Waits for Iran’s Next Move” (Source: Reuters)
Here’s what’s happening in simple terms:
💰 Market Moves (Reuters data)
- Dollar hits 6-week high vs yen (¥147.7)
- Oil prices briefly spike to 5-month high
- Aussie & NZ dollars fall sharply
🌍 Why It’s Happening
- Investors are nervous about Iran’s response to US/Israel attacks
- Japan’s yen drops (it suffers when oil prices rise)
- Markets still hoping conflict won’t escalate further
⚠️ Danger Zones (Per Reuters sources)
- Iran threatens to close Strait of Hormuz (where 25% of world’s oil passes)
- “Markets at mercy of Iran/US/Israel next moves” – CBA analyst
- Anti-war protests growing in US cities
🔮 What’s Next?
- All eyes on Iran’s actual response
- Fed Chair Powell’s testimony could shift markets
- Bitcoin bouncing after Sunday drop
The Big Picture:
While the dollar is rising as a “safe haven,” experts tell Reuters the moves are surprisingly small – suggesting investors still doubt this will become full-scale war.
(Credit: Reuters for all market data and expert quotes)
https://www.reuters.com/world/africa/dollar-firms-markets-brace-iran-response-us-attacks-2025-06-23