Dollar Firms on War Fears as Yen Stability Persists
The US dollar rose on safe-haven demand as Middle East conflict concerns weighed on markets. The yen remained steady near 157.22 following suspected intervention.
The United States dollar firmed on Tuesday morning as Middle East conflict risks drove safe-haven demand while the yen held steady following suspected intervention. The dollar index rose 0.3% on Monday to 98.452 after fresh strikes in the Gulf rattled global markets. Geopolitical instability and energy shocks are forcing investors to recalibrate risk appetite across major currency pairs.
### Middle East Conflict Drives Energy Shock Brent Crude Oil traded at $113.8 per barrel in the early morning, down 0.6% after a 6% surge on Monday. Prices have remained largely above $100 since the war erupted in late February following the closure of the Strait of Hormuz. This vital artery carries approximately 20% of global oil flows, creating a persistent inflationary floor.
