Post #16111

No Resolution + Double Blockade? It Doesn't Matter for USD DXY is extending its selloff, on track for its longest losing streak in months as markets lean back toward a softer dollar narrative. The key driver here is progress on the geopolitical front. Ongoing engagement between the U.S. and Iran, with talks expected to resume, is gradually improving sentiment around a potential resolution. That shift is pulling safe-haven demand out of the dollar and driving the move lower. There are still points of tension — port blockades and Hormuz disruptions remain — but markets are choosing to focus on the direction of travel. Incremental progress in negotiations is enough to keep pressure on the dollar. Technically, momentum is clearly to the downside. As long as negotiations continue to move forward, rallies are likely to be faded. - Alan