Dollar Strengthens Following Geopolitical Tensions in Middle East

According to BlockBeats, analysts from Monex Europe have reported that the U.S. dollar has strengthened following an attack by Israel on Iranian nuclear facilities. This development serves as a reminder to those who doubted the dollar's status as a safe-haven currency. The analysts noted that while unstable U.S. policies have diminished the dollar's appeal as a refuge, significant geopolitical shocks continue to favor the currency. They emphasized that the U.S. economy is relatively less affected by such disruptions compared to other safe havens. The balance between tariff concerns and geopolitical tensions is expected to be the primary market driver at present.