Reported about 12 hours ago
The dollar is poised for its largest weekly increase in over a month, driven by safe-haven demand related to escalating Middle East conflicts, particularly between Israel and Iran. As uncertainty grows over potential U.S. involvement and rising oil prices introduce inflation concerns, traditional safe-haven assets, including the dollar, see increased interest. Meanwhile, other currencies like the euro and yen have responded positively to the dip in crude prices and other economic indicators, while the Federal Reserve's interest rate outlook remains cautious.
Source: YAHOO