The WSJ Dollar Index rose by 0.30% to 94.93, rebounding after two days of losses. Despite this uptick, it recorded a weekly decline of 0.70%, the largest since May, amid geopolitical tensions. The dollar strengthened against major currencies due to its safe-haven status, with the index gaining 0.28 points, marking its biggest daily rise since June 6. Analysts noted that the dollar’s strength is driven by classic risk aversion as markets assess recent geopolitical developments. The euro and pound showed moderate movements, while the Japanese yen weakened to 157.40 per dollar. Gold reached a record high of $3,431.20 per ounce, up 1.5%, driven by defensive flows. Oil prices surged, with WTI climbing 7.3% to $72.98 per barrel and Brent rising 7% to $74.23, amid fears of regional conflict.
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