US Dollar Rises as Middle East Conflict Lifts Oil Prices
The US dollar rose on Monday as oil prices neared 120 dollars amid Middle East conflict. Investors sought havens as G7 nations weighed oil reserve releases.
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The United States dollar surged on Monday as rising energy costs pushed Brent Crude Oil toward the $120 mark, sparking a global rush for liquidity. Investors, concerned that a widening conflict in the Middle East could cripple energy supplies and stifle global economic growth, abandoned riskier assets.
