Gate News message, April 17 — The U.S. dollar index has retreated from the 100 mark to near 98 as geopolitical tensions in the Middle East show signs of easing, causing market risk-off sentiment to subside. The currency had surged earlier as conflicts in the region triggered safe-haven demand, but that strength proved short-lived.
Analysts attribute the dollar’s current weakness to the fading of geopolitical risk premiums. The brief rally, though fueled by legitimate safety concerns, has exposed the fragility of this particular dollar strength cycle. Market participants now view the recent dollar surge as temporary, with expectations for a return to the previously anticipated “weak dollar” narrative gaining traction.
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