Dollar Faces Volatility Due to Iran War Uncertainty -- Market Talk

Dow Jones03-23

1257 GMT - The dollar faces volatility along with other assets after President Trump announced the U.S. will postpone military strikes against Iranian power plants and energy infrastructure, Capital.com analyst Daniela Hathorn says in a note. Trump said the U.S. held constructive talks with Iran but Iran has denied that such discussions took place. In the near-term Trump's comments open the door for a relief rally, lifting equities and sending the dollar lower, given investors are heavily hedged for an escalation in the conflict, Hathorn says. However, the "underlying conflict remains unresolved, and until there is a credible, sustained de-escalation, markets will continue to swing aggressively between fear and relief on each new headline." The DXY dollar index falls 0.2% to 99.428. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

March 23, 2026 08:57 ET (12:57 GMT)

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