Dollar nears one-year high
The dollar index rose to 101.36 points, driven by renewed tensions in the Gulf and increased demand for safe-haven assets, while investors are awaiting U.S. employment data that will determine the Federal Reserve's monetary policy direction. This followed exchanges of strikes between the United States and Iran, prior to their agreement to halt hostilities and hold a meeting in Qatar, which heightened market uncertainty. Additionally, the rise in oil prices following the attacks boosted demand for the dollar as a safe haven. The Japanese yen continued its decline near its lowest levels in 40 years, while the dollar index recorded a monthly gain of 2.5%.
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