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Forex

DXY Bounces Back Amid Safe-Haven Demand

Guavy AI Editorial Team
Instruments
USD
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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, the US Dollar could face potential headwinds as markets digest news of a pending maritime agreement between Iran and Oman, aimed at increasing Middle Eastern energy flows through the Strait of Hormuz.

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