DXY Steadies Near 100 as US-Iran Tensions Lend Support
The US Dollar Index held around the 100.00 psychological level on Tuesday, supported by rising geopolitical concerns between the US and Iran but unable to extend a minor Asian session uptick.
DXY
The US Dollar Index (DXY), which measures the greenback against a basket of major currencies, traded near the 100.00 mark during European morning hours, nearly unchanged on the day.
A modest pickup during the Asian session faded as the index struggled to build momentum, despite a backdrop of heightened US-Iran tensions that typically boost demand for the safe-haven dollar.
The 100.00 level remains a key psychological threshold, with DXY hovering just around it and lacking clear directional conviction.
Source: FXStreet Forex News