Risk aversion lifts the USD amid stalled Middle East diplomacy, with the DXY trading near 98.10 after April payrolls beat forecasts.
The US Dollar Index (DXY) climbed to 98.10 in Asian trading Monday, recovering from minor losses as risk aversion grew. The advance followed US President Donald Trump and Iran dismissing each other’s peace initiatives, raising concerns over prolonged Middle East tensions and safe-haven demand for the USD.
April Nonfarm Payrolls rose by 115K, down from March’s 185K but above the 62K forecast. The Unemployment Rate held steady at 4.3%, matching expectations. The mixed labor data provided limited direction, leaving geopolitical risks as the primary driver for the Greenback.
Analysts suggest sustained conflict in the region could further support the USD, particularly against risk-sensitive currencies. No immediate market reaction was reported beyond the DXY’s modest gain.