Dollar Rises on Middle East Tensions and Oil Prices
The dollar is set for its first weekly gain in a month as the standoff between Iran and the U.S. pushes oil prices above $100 and dampens investor optimism.
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The United States dollar index rose 0.4% to 98.60 on Thursday as geopolitical tensions in the Middle East fueled safe-haven demand. This marks the first weekly gain for the currency in a month, reversing a recent trend of investor pivot toward riskier assets. For investors, the greenback’s strength reflects a "peace premium" exit as energy shocks threaten global growth projections.
