Dollar Surges to Two-Week High on Rising Oil Prices

The US dollar has reached its highest level in two weeks due to increasing tensions in the Middle East and rising oil prices.

The US dollar index climbed to its highest point since August 17th as investors sought safe-haven assets amid concerns over potential disruptions to energy flows.

The euro slipped towards a multi-day low against the dollar, while interest-rate expectations reinforced the move with markets raising the odds of another Fed hike in September and the European Central Bank's likely hike next week keeping US yields looking relatively attractive.