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fxJul 8, 2026, 2:39 AM

DXY Holds Above 101.00 After US Strikes on Iran

The US Dollar Index stays above the 101.00 mark for a second straight session, trading near 101.10 during Asian hours following US military strikes on Iran.

DXY

The US Dollar Index (DXY) is consolidating above the 101.00 level for the second consecutive day, supported by safe-haven demand after the US launched strikes on Iran. During Asian trading on [day], the index hovered around 101.10.

Geopolitical tensions typically boost the greenback as investors seek refuge in the world's reserve currency. The move extends a modest recovery from recent lows, though upside remains capped by ongoing uncertainty over trade policy and Federal Reserve rate expectations.

Traders will watch for further escalation or diplomatic developments in the Middle East, as well as US economic data releases later in the session.

Source: FXStreet Forex News