USD Steady as Trump Speech Offers No New Escalation on Iran Conflict

The US dollar held relatively steady following President Trump's address, which reiterated a 2-3 week timeline for intensified action against Iran but stopped short of announcing a ground war or any withdrawal from the conflict. Markets had priced in the possibility of a pullout announcement over the prior two sessions, driving significant volatility in USD pairs, but the lack of new information left positioning largely unchanged. The speech, described as lengthy and lacking substantive policy updates, confirmed the administration's intent to 'hit Iran very hard' within the stated timeframe, maintaining geopolitical uncertainty as a key driver for safe-haven flows. USD/JPY and USD/CHF remain sensitive to further developments, with traders closely monitoring any escalation that could trigger risk-off moves. The DXY index is consolidating near recent levels as markets digest the status quo. Traders should watch for follow-up policy announcements and any shift in the conflict timeline, which could rapidly move haven currencies and oil-linked pairs such as USD/CAD.