U.S. Dollar Rallies After U.S. Strikes Iran’s Nuclear Facilities
(MENAFN) The U.S. dollar saw a sharp increase on Monday following American airstrikes targeting three of Iran’s principal nuclear facilities over the weekend, reinforcing the greenback's reputation as a "safe haven" asset amid growing geopolitical instability.
The conflict between Iran and Israel remained at the forefront of global investor attention. Over the weekend, U.S. forces carried out precision strikes on Iran’s Fordo, Natanz, and Isfahan nuclear sites.
U.S. President Donald Trump stated on Saturday that American forces executed “very successful” airstrikes on the nuclear locations, amid rising concerns about a broader regional escalation.
Vice President JD Vance emphasized in a post-strike statement that Washington is prioritizing a diplomatic resolution over continued hostilities with Tehran.
By 10:00 GMT on Monday, the dollar index climbed by 0.58%, reaching 99.30.
Meanwhile, gold prices remained relatively unchanged, trading at $3,368.25 per ounce.
The dollar also posted gains against major currencies, appreciating by 0.45% against the euro and rising 0.5% versus the British pound.
Tensions in the Middle East have intensified since June 13, when U.S.-supported Israeli forces initiated airstrikes on Iranian targets. In retaliation, Iran launched missile attacks on Israel.
Israeli officials report that at least 25 individuals have died and hundreds more sustained injuries from Iran’s retaliatory strikes.
In contrast, Iran’s Health Ministry stated that more than 430 people have been killed and over 3,500 injured due to Israeli bombardments.
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