At the outset of the war in Iran, the dollar surged, likely because of the typical “flight to safety” behavior. But more recently, it’s been taking a beating.
Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down.
The value of the dollar dropped some 10 percent in 2017. That’s the greenback’s worst performance in more than a decade. And analysts say the dollar could lose even more ground this year. Click the audio player above to hear the full story.
