The US Dollar Index remains steady near 101.10 as geopolitical tensions support demand for the safe-haven currency.
The US Dollar Index (DXY) extended gains for a second day, trading at 101.10 during the Asian session. The move follows US military strikes on Iran, reinforcing demand for the USD as a safe-haven asset.
Prior to the strikes, the DXY had fluctuated near 100.50, reflecting mixed market sentiment amid shifting expectations for Federal Reserve policy. The index tracks the USD against six major currencies, including the euro and yen.
Markets showed limited immediate reaction beyond the initial move, as traders await further developments in the geopolitical situation.