US EditionDollar Gains, Buoyed by Safe-Haven Demand Amid Rising Geopolitical Tensions
- On Friday, Israel launched targeted military strikes against Iranian nuclear and missile facilities amid escalating Middle East tensions.
- These strikes escalated tensions between Israel and Iran, leading Iran to respond by sending nearly 100 drones in an attack aimed at Israel.
- Investors responded by fleeing to safe-haven assets, causing the U.S. dollar, gold, Japanese yen, and Swiss franc to rally sharply amid market volatility.
- The U.S. dollar rallied 0.6%, the dollar index rose 0.82% to 98.48, and spot gold increased 1.68% to $3,441.04 an ounce in a risk-off move.
- This escalation adds to ongoing market uncertainties and suggests that sustained geopolitical tensions could continue to affect global trade and investor confidence.
25 Articles
25 Articles
Channel News Asia
Dollar gains, buoyed by safe-haven demand amid rising geopolitical tensions
NEW YORK :The U.S. dollar gained against major currencies, including the euro and yen, on Friday as markets sought safe-haven assets amid rising geopolitical tensions following an Israeli attack on Iran.Israel launched a barrage of strikes across Iran on Friday, attacking nuclear facilities and missile factor
Dollar’s haven status faces a key test after Israel strikes
The dollar’s reputation as a crisis haven is being put to the test after the US currency staged only a limited rally in response to an Israeli attack on Iran that stoked fears of a wider conflict in the Middle…
The dollar is experiencing a sharp leap in Friday's first operations due to the fear generated by the situation in the Middle East following Israel's attack on Iran.The US currency is quoted at $941.80, which implies a sharp jump of $11.80 compared to the closing of yesterday.This is its biggest daily rise since April 10 ($11,89).The Chilean peso was affected by the negative performance of the price of copper, which experiences a decline of more…
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