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Source: الدستور
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The dollar has maintained its proximity to its highest level in a week, amid conflicting signals from the Middle East regarding escalating military tensions and ongoing unrest, particularly with the Houthis’ blockade of Saudi Arabia and the intensifying war with Iran. Reports indicate that energy supply concerns have increased, despite hopes for a potential ten-day ceasefire mediated internationally, which has lessened tensions somewhat and provided some support to the dollar. Additionally, rising oil prices and market assessments of their potential impact on inflation and interest rates have bolstered the performance of the U.S. currency, which stayed at an index level of 100.96. Meanwhile, the stable performance of other currencies such as the yen, euro, and British pound persists despite geopolitical and economic challenges.
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