Dollar Climbs on Safe Haven Demand Amid Tensions
The US dollar index reached a six-week high as geopolitical uncertainty drove investors toward safe-haven assets.
The US dollar index climbed to its highest level in six weeks as investors sought safety amid escalating geopolitical tensions. The DXY reached 105.4, settling at 104.9 — a 1.2% weekly gain. The euro fell to 1.0720 while sterling touched 1.2410. Emerging markets bore the brunt: Turkish lira -2.3%, South African rand -1.8%, Brazilian real -1.4%. Deutsche Bank strategists noted this reflects genuine safe-haven demand rather than rate differential plays, suggesting the move may be sustained. Commodity markets felt downward pressure from dollar strength offsetting supply-side concerns.
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