Analysts say the dollar rally is masking concerns over U.S. fiscal policy, trade wars, and weakening international demand for U.S. assets.
The U.S. dollar surged in early trading on Monday, benefiting from its traditional safe-haven status after U.S. military strikes on Iran — but analysts are warning the gains may be short-lived.
The dollar index was up 0.45% at one point, indicating a gain against currencies such as the Japanese yen
, the euro
and the British pound
, as well as the Canadian
The U.S. dollar extended gains on Tuesday as the deepening conflict in the Middle East prompted a flight to safety.
The dollar index, which tracks its performance against a basket of major currencies, fell almost 10% through 2025.
Asian markets started the day lower across the board, with major markets in the region in negative territory.
Gold climbed 0.8 per cent before paring gains. West Texas Intermediate rose 2.5 per cent. The US dollar appreciated while US…
Got a confidential news tip? We want to hear from you.
A two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying…
