Dollar slides as Hormuz war premium evaporates
Dollar index DXY erases its Iran war gains as Hormuz blockade scales down, safe‑haven flows unwind, and traders pivot from conflict hedges to ceasefire politics. Summary The U.S. dollar index has erased its entire wartime gain after Iran reopened the Strait of Hormuz. DXY fell 0.5% intraday to its weakest level since February 27 as…