Markets end the week with the U.S. Dollar remaining firmly supported as geopolitical tensions in the Middle East continue to dominate sentiment. Rising oil prices and disruption to shipping through the Strait of Hormuz have pushed investors toward safe-haven assets, and raised concerns about inflation returning.
The Dollar Index has climbed toward 100, its strongest level in several months, while risk-sensitive currencies have come under pressure.
Energy prices have been the key driver. Brent crude surged sharply earlier in the week, as attacks on shipping and energy infrastructure raised fears of supply disruption.
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