Dollar erases wartime gains after Iran declares Strait of Hormuz 'completely open'; Polymarket odds of normalization surge as bitcoin briefly lifts near $78k
first published 2026-04-17T14:54:01Z
The U.S. dollar index gave back all wartime gains after Iran said the Strait of Hormuz was "completely open," prompting safe‑haven flows to reverse as tankers resumed transit. DXY fell about 0.5% to its weakest level since Feb. 27. Strategists say the unwind could continue to pressure the dollar if ceasefire talks hold and energy prices stabilize, supporting risk assets and lowering volatility in major currency pairs.
AI Analysis
DXY lost wartime gains and fell ~0.5% to its weakest since Feb. 27 after Iran declared the Strait of Hormuz open; safe‑haven flows reversed as tankers resumed transit. Strategists note the unwind could continue if talks hold and energy prices stabilize, implying further dollar pressure.
Expected Investor Sentiment: Bullish
Potential Market Impact: High
Source Articles
- Dollar slides as Hormuz war premium evaporates - Crypto News
- Oil Prices Crash as Iran Reopens Strait of Hormuz - Bitcoin.com
- Iran Declared the Strait of Hormuz “Completely Open” Bitcoin Jumps to $78K - Coinpedia
- Bitcoin Price Surges as Crypto Market Turns Bullish on Macro Relief - Coinpedia
- Bitcoin Hits $78,348 as Strait of Hormuz Reopening Ignites Global Relief Rally - Bitcoin.com
- Bitcoin liquidation map flags $73.6K ‘trapdoor’ and $81.3K squeeze zone - Crypto News
- Price predictions 4/17: BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA, BCH, LINK - Cointelegraph
- $815,420,000 in Bitcoin and Crypto Liquidated As BTC Surges Above $78,000 - Daily Hodl
- Crypto market liquidations hit $820M as Bitcoin price taps $78K - Cointelegraph
- Li Hua Yi says ‘no reason’ to take profits as post‑Hormuz rebound rolls on - Crypto News
- Bitcoin Cracks 7-Month Ceiling. Can Bulls Push It Higher? - Decrypt
- Polymarket odds of Hormuz Strait traffic normalizing by end of May spike to 73% - Cointelegraph
