The US Dollar Index sustained its gains around the 100.90 level during European trading hours on Tuesday, following two consecutive days of little movement. This stability comes as tensions in the Hormuz Strait have heightened safe-haven demand, supporting the US dollar against six major currencies, according to FX Street.
After a brief period of flat trading, the US dollar found renewed strength as investors sought refuge amid geopolitical concerns. The index’s resilience reflects ongoing market caution and the currency’s role as a global safe haven.
For Japanese investors, this dollar strength may influence forex strategies, especially given the yen’s sensitivity to shifts in risk sentiment and safe-haven flows.