US Dollar Index Holds Gains Near 100.00 on US-Iran Tensions
The US Dollar Index (DXY) recovers recent losses and trades around 100.80 during Asian hours, supported by renewed geopolitical tensions between the US and Iran.
DXY
The US Dollar Index (DXY) is holding gains near the 100.80 level during Asian trading, recovering from the previous session's losses. The move higher comes amid renewed US-Iran tensions, which are boosting safe-haven demand for the greenback.
The index measures the dollar against six major currencies and has found support near the psychologically important 100.00 mark. Traders are monitoring geopolitical developments for further direction.
Source: FXStreet Forex News