Dollar kept aloft as another Trump deadline looms
Published on April 7, 2026.
The dollar stood just shy of recent highs as traders countdown to a U.S.-imposed deadline for Iran to open the Persian Gulf to shipping or face attacks on its infrastructure. The yen traded at 159.67 to the dollar, and the euro bought $1.1539 and sterling $1.,3235, above multi-month lows made late in March. Despite hopes of a deal or breakthrough, markets remain jittery and there are few big sellers of dollars ahead of the 8 p.m. Eastern Time (midnight GMT) deadline. The Australian and New Zealand dollars, which tumbled as fighting and Iranian strikes intensified, have also risen. The outcome of the conflict depends on whether the Strait of Hormuz is open.
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