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Forex

Dollar Surges to Seven-Week High Amid Middle East Conflict

Guavy AI Editorial Team
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USD
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The US Dollar surged to a seven-week high on Wednesday following escalating military conflict in the Middle East and shifting interest rate expectations.

Institutional investors sought traditional safe-haven assets, driving the dollar's value up. The aggressive currency rally is putting pressure on global liquidity, particularly for emerging markets.

The Dollar Index broke through critical technical resistance levels after the US Treasury yields jumped in response to rising oil prices and inflation fears.

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