US EditionDollar Gains, Buoyed by Safe-Haven Demand Amid Rising Geopolitical Tensions
- Israel launched military strikes on Iranian nuclear and missile facilities on Friday, escalating Middle East tensions sharply.
- The attacks followed long-standing regional conflicts and triggered expected retaliation, alongside the U.S. moving forces toward the Middle East.
- The strikes prompted a surge in demand for safe-haven assets, causing the U.S. dollar to rally 0.6%, alongside gains in gold, the yen, and Swiss franc.
- Ether dropped over 10.6% intraday from $2,770.56 to $2,477.71 amid a broad risk-off market reaction coinciding with the strikes.
- This geopolitical escalation intensified market volatility and inflation concerns, influencing central bank meeting expectations and sustaining strong U.S. dollar demand.
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New Strait TimesReposted by 
BizToc
BizTocDollar inches up as markets on edge over Middle East conflict
KUALA LUMPUR: The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings. © New Straits Times Press (M) Bhd
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Coverage Details
Total News Sources41
Leaning Left0Leaning Right2Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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