The US Dollar and Oil are in demand

Market Update: Dollar and Oil Hold Steady

The dollar and oil prices continue to show strength, with markets responding only slightly to President Trump’s recent statement that the US will maintain its commitment to avoid targeting Iran’s energy sector for another ten days, until April 6. In addition, there are reports that the US may deploy additional military forces to the region. This ongoing strategy of escalating tensions to ultimately reduce them is expected to keep investors cautious as the weekend approaches.

On another front, Beijing has begun its own investigations into American trade activities, focusing on supply chains and renewable energy. This move appears to be a direct response to new US trade measures.