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Dollar climbs to 18-month high amid Middle East and Ukraine attacks

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Dollar climbs to 18-month high amid Middle East and Ukraine attacks

7 sourcesUpdated Oct 13, 20261 min read

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Dollar climbs to 18-month high amid Middle East and Ukraine attacks — Photo: Engin Akyurt / Wikimedia Commons (Pexels)

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The U.S. dollar climbed to an 18-month high and held near that level as escalating attacks on energy infrastructure and shipping in the Middle East and Ukraine fueled demand for safe-haven assets and pushed oil prices higher. The euro and yen weakened as higher energy costs weighed on major oil-importing economies, while Asian currencies were mostly little changed. Investors are watching U.S. inflation data and the Federal Reserve’s policy outlook for clues to the dollar’s next move; in India, central bank measures to curb dollar demand helped the rupee gain.

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Broke in.investing.com · Oct 12, 12:06 AM ETCenter +6h7 sources +30h on

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