Dollar Bounces on Safe-Haven Demand Amid Middle East Tensions
The US Dollar Index (DXY) has rebounded after two days of losses, trading around 99.80 during the European session on Thursday.
The Greenback found renewed support from safe-haven demand following an Israeli airstrike in southern Lebanon, which killed one person and injured 11.
However, markets are also digesting news of a pending maritime agreement between Iran and Oman, which could potentially weigh on the US Dollar.
In economic news, US macro indicators delivered mixed results: ADP private-sector payrolls expanded by just 44,000 in July, while the ISM Services PMI pointed to steady momentum.