US Dollar Index rises to near 99.80 as geopolitical tensions and higher-than-expected US PPI boost safe-haven demand.
The US Dollar Index (DXY) advanced to around 99.80 in early Asian trading Friday, extending gains above 99.50. The move follows heightened Middle East tensions and a hotter-than-expected US Producer Price Index (PPI) print, reinforcing demand for the greenback as a safe haven.
Prior to the latest uptick, the DXY had hovered near 99.30, with market participants weighing mixed US economic signals. The latest PPI data exceeded consensus estimates, adding to inflation concerns and supporting expectations of prolonged Federal Reserve hawkishness.
No immediate market reaction data was provided, though the dollar’s strength may pressure risk assets and emerging market currencies in the near term.