Dollar hits highest level in a week amid renewed U.S. strikes on Iran

The dollar rose to its highest level in a week during Asian trading sessions, following renewed U.S. strikes on Iran and the cancellation of the Iranian oil export license, which boosted its appeal as a safe haven. The dollar index reached 101.210 for the first time since July. Meanwhile, the New Zealand dollar appreciated by 0.5% after the central bank raised interest rates to 2.5%, with indications that monetary tightening may continue. Conversely, European currencies such as the euro and the British pound declined against the dollar. Oil prices continued to rise, while the Japanese yen approached its lowest level in 40 years.

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