US dollar strengthens due to heightened Middle East tensions

From Yahoo Finance: 2025-06-23 10:51:00

The US dollar index is up by +0.06% at a 3-week high due to safe-haven demand after US attacks on Iran’s nuclear facilities. The June S&P US manufacturing PMI was unchanged at 52.0, and May existing home sales rose to 4.03 million. Fed Governor Bowman supports a rate cut at next month’s meeting, with a 25% chance of a -25 bp cut. EUR/USD is down -0.02% on a stronger dollar and weaker-than-expected Eurozone PMI reports. The yen fell to a 1-1/4-month low against the dollar on rising energy costs and denied reports of increased defense spending. August gold is up as tensions rise in the Middle East.



Read more at Yahoo Finance: Dollar Firms on Escalation of Middle East Tensions