Business
Dollar Extends Gains as Iran Conflict Shows No Signs of Abating
The U.S. dollar strengthened to its highest level in more than three months against a basket of currencies Friday as investors sought safe-haven assets and energy prices rose due to the widening Middle East conflict.
“We cannot see investors wanting to fight this dollar rally, given there is so little certainty as to when this crisis will end,” ING’s global head of markets, Chris Turner, said in a note.
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