The US Dollar Index rises to 98.10, extending gains amid fading hopes for a US-Iran diplomatic resolution.
The US Dollar Index (DXY) climbed above 98.00 for the second consecutive session, reaching 98.10 during Asian trading hours. The move reflects heightened geopolitical risks as optimism over US-Iran peace talks deteriorates, bolstering demand for the safe-haven USD.
Prior to the latest advance, the DXY had traded near 97.80, following a modest rebound from multi-month lows. The index tracks the USD against a basket of six major currencies, including the EUR, JPY, and GBP. Comparable periods of geopolitical uncertainty have historically supported the dollar’s strength.
Markets remain focused on developments in the Middle East, with the dollar’s ascent likely to persist if tensions escalate further.