Dollar Hits Two-Week High on Middle East Tensions
The US dollar reached a two-week high as investors sought safety amid escalating Middle East conflicts and diverging central bank monetary policy paths.
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The United States dollar climbed to a two-week high on Wednesday morning as investors sought safety amid escalating Middle East conflict and diverging global monetary paths. The greenback rose 0.20% to 99.865 on the dollar index, reaching its highest level since August 17. This surge reflects the U.S. economy's lower relative exposure to energy shocks compared to major foreign peers.
