Dollar Rises as Iran Deal Hopes Fade Amid Middle East Tensions

The US dollar is gaining strength as investors seek safe-haven assets due to ongoing tensions in the Middle East. The greenback rose against both the yen and euro, building on the previous day's gains.

This uptick in value comes as doubts about a potential Iran peace deal have increased concerns among traders. The dollar is seen as a haven in times of uncertainty, which is driving up demand for it.

The dollar also received support from higher Treasury yields, which some attribute to the possibility of an interest rate hike by the Federal Reserve in September.