US Dollar nears 10-month high on Middle East conflict
The US dollar is nearing a 10-month high as Middle East tensions drive safe-haven demand. Rising oil prices and upcoming labor data remain key market focuses.
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The United States dollar remained near a 10-month peak on Monday, on track for its strongest monthly performance since last July. Market sentiment has been driven by escalating tensions in the Middle East and mixed diplomatic signals between Washington and Iran. While U.S. President Donald Trump characterized the Iranian leadership as reasonable, the deployment of more American troops and Tehran's refusal to accept humiliation have kept investors cautious.
