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US dollar wavers amid geopolitical tensions, oil prices rise

The US dollar fluctuated on Thursday, April 9, after posting significant losses, as investors remained cautious while assessing the durability of a fragile ceasefire between the United States and Iran.

Oman News Agency

info@thearabianstories.com

Thursday, April 9, 2026

WASHINGTON : Concerns intensified over a potential collapse of the truce, with Israel continuing parallel military operations against Hezbollah in Lebanon. Meanwhile, Tehran accused both Israel and the United States of violating the agreement, arguing that proceeding with peace talks under such conditions would be illogical.

In a related development, the Strait of Hormuz remained closed to vessels without permits. Shipping companies said they required greater clarity before resuming operations, contributing to a rise in global oil prices.

In currency trading, the dollar index – which measures the US currency against a basket of major peers – edged down 0.01 percent to 99.05. The euro rose 0.01% to $1.1663, while the British pound also gained 0.01 percent to $1.3393.

The Japanese yen gave up some of its previous session gains following the truce announcement, weakening 0.13 percent to 158.8 per dollar.

The conflict, which lasted about five weeks, weighed on investor confidence and disrupted global oil and gas supplies.

In other currency markets, the Australian dollar fell 0.13 percent to US$0.7033, while the New Zealand dollar rose 0.07 percent to US$0.5826.

In the cryptocurrency market, Bitcoin fell by 0.61 percent to $70,944.20, and Ether declined by 1.35 percent to $2,180.21.

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