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Scotiabank analysts Shaun Osborne and Eric Theoret highlight that the US Dollar (USD) has gained strength following President Trump's announcement of a potential blockade on Iranian ports. The US Dollar Index (DXY) retreated from its Asian highs but remains within a broader bearish trend. The move reflects heightened geopolitical tensions and the USD's role as a safe-haven asset amid Middle East instability. Traders are monitoring how the situation might impact oil prices and global risk appetite, with the USD's resilience contrasting against its long-term downward trajectory. Market participants are advised to watch for further developments in US-Iran relations and potential shifts in central bank policies.
