Dollar eases after Iran Hormuz reopening proposal weighs on oil
The dollar whipsawed Tuesday, falling after oil dropped on Iran’s proposal to reopen the Strait of Hormuz within seven days if the U.S. eases military pressure; USD/JPY slid 0.12% to 157.15.
The dollar swung on Tuesday and then weakened after reaching a near-two-month high, as oil prices fell after Iran proposed reopening the Strait of Hormuz within seven days if the US eases military pressure. 15 FX.