Geopolitical risks in the Strait of Hormuz push the Dollar Index toward 102, weighing on the Euro and Yen.
The Dollar Index climbed toward 101.50-102 as fresh attacks in the Strait of Hormuz heightened risk aversion, lifting the greenback against major currencies. The move pressured the Euro, which fell toward 1.1350-1.13, while the Yen remained in a depreciating trend.
Prior to the escalation, the Dollar had stabilized near 101, with the Euro trading around 1.14 and the Yen under modest pressure. The latest geopolitical flare-up accelerated the Dollar’s gains, reinforcing its safe-haven appeal.
No immediate market reaction data was provided, but the shift reflects broader risk-off sentiment amid supply chain concerns.