US dollar exchange rate rises amid growing Middle East uncertainty

🌐 Egypt Independent (EG) —

AI Summary

The US dollar rose against the Japanese yen and euro amid rising uncertainty over peace talks with Iran and higher US Treasury yields. Market sentiment moved toward the dollar as a safe-haven amid geopolitical concerns in the Middle East.

The US dollar edged higher on Friday, against both the Japanese yen and the euro, extending gains from the previous session as growing doubts over reaching a peace deal with Iran bolstered the greenback’s safe-haven appeal. The dollar also gained additional support from rising US Treasury yields following a Financial Times report, which cited sources … The post US dollar exchange rate rises amid growing Middle East uncertainty appeared first on Egypt Independent.

World Security Politics Markets USD exchange rate Middle East conflict Iran safe haven US Treasury yields geopolitical risk

Read original source →