The US dollar maintained its strength at the start of Asian trading on Tuesday, following a holiday for some markets in the US. The currency's resilience came amid escalating geopolitical risks, particularly after recent attacks on energy infrastructure in the Middle East and Ukraine.
The US dollar index, which tracks the greenback's performance against a basket of six major currencies, stood at 102.56 during subdued Asian trading. This followed a 0.3% gain on Monday, with the dollar hovering near its highest levels since April 2025.
Analysts noted the impact of geopolitical tensions on market sentiment, as investors sought the relative safety of the dollar amid uncertainty. The currency's recent upward trend reflects growing concerns over global stability.