US, June 10 : The US dollar remained largely unchanged against major currencies on Wednesday after Washington conducted military strikes against Iran, even as global markets monitored escalating geopolitical tensions alongside upcoming US inflation data.
The strikes followed reports that Iran had downed a US Apache helicopter in the Strait of Hormuz, an incident that briefly heightened concerns over a broader conflict. However, President Donald Trump downplayed the event, stating it was “not a big deal” and confirming that the pilot was safe. Despite the flare-up, analysts suggested the broader trajectory still points toward de-escalation in the conflict.
Currency markets showed limited reaction, with the dollar index edging up slightly to 100.02. The euro and British pound both slipped marginally, while the yen continued to hover near levels seen as a potential trigger for intervention by Japanese authorities.
Investor sentiment remained supported by the view that the US economy is relatively insulated from energy-related shocks, sustaining demand for the dollar as a safe-haven currency. At the same time, expectations of a possible Bank of Japan rate hike added complexity to yen trading, though analysts noted that stronger policy signals would be needed to materially shift currency trends.
Attention now turns to the upcoming US Consumer Price Index report, which is expected to provide key insights into inflation pressures and the Federal Reserve’s future interest rate stance. Market participants are watching closely to see whether higher energy costs feed into broader price increases.
Elsewhere, risk-sensitive currencies such as the Australian and New Zealand dollars weakened slightly, reflecting cautious sentiment ahead of major central bank decisions in both the US and Europe later this week.