US DOLLAR INDEX - H4
DXY is stuck in void near 98- 98.50.
Reports indicated :-
1) Vice President JD Vance canceled a scheduled trip to Islamabad for negotiations after Tehran informed the US via Pakistan that it would not attend the meeting.
2) Iran also said it would not reopen the Strait of Hormuz while the US Navy continues intercepting vessels.
3) President Donald Trump extended the current ceasefire, stating he would postpone further strikes until Iran submits a new proposal and talks are completed.
4) Federal Reserve nominee Kevin Warsh pledged to maintain independence from the White House while advancing broad reforms, a stance viewed as more hawkish than markets had expected.
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