Risk sentiment deteriorated sharply today as investors concluded that the Trump-Xi summit failed to deliver a credible diplomatic breakthrough on the Strait of Hormuz, forcing markets to begin pricing a longer-lasting inflation shock tied to prolonged energy disruption. Global equities and precious metals are sold off together as rising oil prices and higher Treasury yields […]The post Dollar Surges as Markets Price Longer Hormuz Crisis and Persistent Inflation appeared first on ActionForex.