Dollar Rises as Oil and Bond Yields Spark Inflation Fears
The U.S. dollar strengthened as renewed hostilities with Iran pushed oil prices higher and triggered a global bond selloff. Rising yields and inflation concerns increased market expectations of a potential Federal Reserve rate hike.
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The United States dollar rose 0.27% to 99.68 on Tuesday as renewed military strikes on Iran lifted Brent Crude Oil prices over 4%. The escalation sparked a global bond selloff and renewed inflation fears across major markets. Safe-haven currencies drew strong inflows as investors reassessed global monetary policy risks.
