0955 ET - The dollar weakens amid hopes of de-escalation in the Middle East. "On a trade-weighted basis, the dollar's wartime rally has now been fully unwound," Corpay's Karl Schamotta writes, adding that the greenback is "a touch weaker" than right before the first U.S.-Israel attacks on Iran on February 28. He says the war in Iran hasn't boosted the dollar as previous conflicts did. "Erratic American policymaking, persistent questions about Federal Reserve independence, and mounting concern over the country's fiscal trajectory have all corroded the currency's standing as the world's unimpeachable safe haven." Safe-haven alternatives, however, "remain feeble," Schamotta says. The WSJ Dollar Index falls 0.4%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
April 14, 2026 09:55 ET (13:55 GMT)
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