DXY Shows Moderate Bullish Trend Amid Rising Middle East Tensions

US Dollar Index (DXY) Strengthens Amid Geopolitical Concerns

The US Dollar Index (DXY) is displaying a moderate bullish trend, trading near 99.41 in early market sessions. The dollar’s strength is particularly noticeable against Asian currencies, while developed market currencies show a more muted response.

Geopolitical Risk Drives Safe-Haven Demand

US President Donald Trump’s firm support for Israel in its recent assault against Iranian targets has increased fears of an escalating conflict in the Middle East. This geopolitical risk has bolstered demand for the US Dollar as a global safe-haven currency, underpinning the current upward momentum in the DXY.

Market Outlook

Traders will closely watch the evolving Middle East situation alongside key economic data releases to gauge the durability of the USD’s bullish trend. The DXY’s near-term resistance levels remain at 99.60, while support is seen around 98.80.

Internal Linking Suggestions (for Tredu.com):

• USD Technical Analysis: Key Levels to Watch
• Impact of Middle East Tensions on Forex Markets
• Live US Dollar Index Chart
• Safe-Haven Currencies Overview