Story perspectives
Dollar Index Hits Two-Week High as Middle East Tensions Rise
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Story summary
- Investors pushed the U.S. dollar to a two-week high amid Middle East conflict and rate-hopes.
- The dollar index rose 0.5% to 99.59, its highest level since September 2.
- Brent crude jumped 3% to $108 a barrel, lifting global bond yields.
- Houthi strikes hit Saudi Arabia after its main pipeline shut, raising energy-supply concerns.
- ING strategist Francesco Pesole said Gulf developments and AI headlines keep the dollar supported.
