Dollar Sinks as Iran Says Hormuz is Open

Written on 04/17/2026
Rich Asplund

The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for...A hundred dollar bill being torn by Alona Siniehina via iStock