The US Dollar Index rises to 99.70 in Asian trading, recovering from prior losses amid heightened geopolitical risks.
The US Dollar Index (DXY) extended gains above 99.50, reaching 99.70 during Asian trading hours. The move follows a modest pullback in the previous session, driven by safe-haven demand as Middle East tensions escalate.
Prior to the advance, the DXY had traded lower, reflecting a brief consolidation phase. The index tracks the USD against six major currencies, including the euro, yen, and pound, and often strengthens during periods of geopolitical uncertainty.
No immediate market reaction data was provided, but the dollar’s rebound suggests investor caution amid rising regional risks.