Dollar heads for second weekly gain amid Iran war turmoil

The dollar is set for a second weekly gain as the Iran war fuels safe-haven demand. Investors are weighing surging oil prices and upcoming central bank moves.

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The dollar maintained its strength on Friday, positioning itself for a second consecutive weekly gain as the ongoing conflict in Iran continues to disrupt global markets. As volatility persists, the greenback has emerged as a primary safe-haven asset, bolstered by the status of the United States as a net energy exporter during a period of surging oil prices.

A model of a natural gas pipeline alongside flags of the United States and Iran and a one dollar banknote, as seen in a file photo from June 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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