Brent Crude & U.S. Dollar Index

Brent Crude: Brent crude prices have risen sharply due to the Iran war and the closure of the Strait of Hormuz, impacting global inflation and economic outlook.

U.S. Dollar Index: The U.S. Dollar Index has slid due to the prospect of a deal to end the Iran war, although its dominance in global oil trade is being tested.

Brent Crude: Brent Crude futures experienced significant fluctuations, falling sharply on news of the ceasefire and reopening of the Strait of Hormuz, reflecting market expectations of increased oil supply and stabilized prices.

U.S. Dollar Index: The U.S. Dollar Index posted a weaker performance against major counterparts as traders weighed shifting monetary policy signals and the implications of the US-Iran peace deal.

Brent Crude: Brent Crude futures dropped, potentially easing some pressure on Japan's import costs, though the fundamental drivers of Japan — Japanese yen weakness persist.

U.S. Dollar Index: The U.S. Dollar Index has strengthened significantly against the Japan — Japanese yen, reaching a 40-year high, primarily due to expectations of United States — Federal Reserve rate hikes and higher US Treasury yields.

U.S. Dollar Index: The U.S. Dollar Index Futures showed slight declines on both Monday and Tuesday.