US dollar gains as Middle East conflict hits euro and yen
The US dollar rose Friday as Middle East tensions increased demand for safe assets. High energy costs weighed on the euro while Fed rate cut bets were delayed.
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The United States dollar advanced against major currencies on Friday, positioning itself for a second straight weekly gain. Geopolitical tensions involving Iran and Israel have driven a flight to safety, benefiting the greenback while weighing on currencies sensitive to energy prices.
