Analysis: The US dollar and stock market are negatively correlated during the Iran War.

Marc Cogliatti of Validus Risk Management stated in a report that during the Iran war-driven market sentiment, the performance of the US dollar is negatively correlated with the stock market. "The risk preference/risk aversion relationship between the dollar and the stock market has once again become a major feature of the foreign exchange market," he said, noting that while the correlation is not as clear-cut as in history, the dollar generally strengthens when the stock market falls, and vice versa. The DXY US dollar index fell 0.1% to 98.122, while US stock index futures rose as the market hoped for a peace agreement to end the Iran war.