Dollar set to finish week on upbeat note buoyed by safe-haven appeal

Dollar set to finish week on upbeat note buoyed by safe-haven appeal

Source: EODHD - https://www.investing.com/news/economy-news/dollar-set-to-finish-week-on-upbeat-note-buoyed-by-safehaven-appeal-4103186
Published: Jun 19, 2025 10:15 PM

By Johann M Cherian (Reuters) -The dollar was set to log its biggest weekly rise in over a month on Friday, as uncertainties about a raging war in the Middle East and the repercussions it could have on the global economy fuelled an appetite for traditional safe havens. The dollar index comparing the U.S. currency against six others is poised for a 0.5% climb this week. The conflict between Israel and Iran shows no signs of subsiding and market participants are nervous about potential U.S. intervention in the region. The two countries have been in a week-long air battle as Tel Aviv seeks to thwart Tehran’s nuclear ambitions and cripple the domestic government. The White House said U.S. Presid...

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