US Dollar Reaches One-Week High as Iran Tensions Rise
The US dollar hit a one-week high as Middle East tensions rose. Investors sought safety after Iran declined talks and oil prices surged on supply concerns.
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The greenback climbed to a one-week high on Monday as geopolitical tensions between the United States and Iran intensified, driving investors toward safe-haven assets. Market participants in Singapore and globally reacted to reports of a seized cargo ship and stalled peace negotiations, which have renewed concerns over stability in the Middle East.
