The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks. Concerns over peace deal stability reemerged after Iran's actions in the Strait of Hormuz. Global yields jumped higher as inflation outlook worries intensified for investors. Other currencies like the euro and pound experienced slight declines against the dollar.

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks.…

(Bloomberg) -- Oil prices rose and the dollar advanced as investors assessed the implications of renewed geopolitical tensions for energy supplies and risk assets.

The greenback firmed 0.1 percent to 162.33 yen