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The dollar rises amid renewed tensions with Iran
The U.S. dollar continued its rise for the fourth consecutive day, remaining close to its highest level in a week, after President Donald Trump announced the end of the temporary agreement with Iran. This led to escalating geopolitical tensions and a surge in demand for the currency as a safe haven. Concurrently, Iranian forces launched attacks on American facilities in Kuwait and Bahrain in response to U.S. strikes on Iran and the suspension of oil revenues, which caused Brent crude prices to rise by 6.6%. Additionally, U.S. bond yields increased, with two-year yields reaching 4.24% and ten-year yields climbing to 4.60%.
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