US Dollar Hits Three Month High Amid Rising Oil Prices
The US dollar hit a three-month high as oil prices topped 108 dollars. Investors sought safety amid concerns that the US-Iran war will disrupt energy supplies.
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The U.S. dollar surged to a three-month peak on Monday as the escalating conflict between the United States and Iran pushed energy prices higher, triggering a broad flight to safety across global markets. Trading in Singapore saw the greenback jump 0.8% against the EUR/USD to reach $1.1525, its strongest level since November, as investors reacted to the threat of protracted war in the Middle East.
