Dollar stays near 18-month high amid rising risks
The US dollar's price settled near an 18-month high at the start of Asian trading, following a holiday in some American markets, amid escalating geopolitical risks due to repeated attacks on energy facilities in the Middle East and Ukraine. The dollar index, which measures the currency's performance against a basket of six major currencies, reached 102.56 points, marking an increase of about 0.3% yesterday, and continues to move near its highest levels since April of last year. The dollar's support is attributed to rising interest rates, strong U.S. economic growth, and demand for the currency as a safe haven. Meanwhile, disruptions in the French bond market are negatively impacting the euro, which settled at 1.1159 dollars. The euro and the British pound remained stable against the dollar, while the Chinese yuan reached its highest level in four years at 6.6950 yuan per dollar.
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