Dollar Strengthens Amid Middle East Conflict, Says Rabobank Analyst

The dollar may continue to strengthen due to ongoing Middle East conflict, according to Jane Foley from Rabobank. Since the conflict began, the dollar's rise has ended debates about whether it lost its safe-haven status after last April's tariff-induced decline. According to Jin10, Foley noted that the dollar still faces uncertainties, including how the Federal Reserve will balance political pressure for rate cuts against inflation from rising energy prices. However, as an oil exporter, the U.S. might see improved trade conditions.