US-Iran Tensions Fuel Dollar Rally, Oil Spike
Renewed military exchanges between the US and Iran over the weekend pushed energy prices higher and revived fears of higher inflation, triggering a USD rally and pressure on tech stocks.
The market experienced a split week as fresh US-Iran military clashes brought energy prices back into focus. Oil spiked and the dollar strengthened on renewed inflation concerns.
Tech stocks faced headwinds amid the risk-off shift, while the broader market digested the implications of sustained geopolitical tensions for monetary policy.
Source: FXStreet Forex News