US Dollar Poised for Safe-Haven Demand Amid Middle East Tensions

The US dollar may see increased demand due to ongoing geopolitical uncertainty in the Middle East.

In other news, the pound (GBP) remained steady after UK Chancellor John Healey outlined his plans for economic growth. However, he did not rule out further tax increases in his upcoming budget.

The euro (EUR) was subdued following a decline in German factory output, but received some support from Germany's largest trade surplus in two years.