FX Daily: Looking for a new steady state for the dollar
USD: Searching for a new steady state Friday’s headline from Iranian authorities that the Strait of Hormuz was ‘fully open’ gave us a vision of where the dollar could be trading were this crisis over. That equated to around the 97.50/98.00 area in DXY and just over 1.18 in EUR/USD. In our April rele
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