The US Dollar Index rose above the 99.50 level, trading near 99.70 during Asian hours on Monday, driven by heightened risks in the Middle East. This marks a recovery following modest declines the previous day, according to FX Street.
The index, which measures the US Dollar against six major currencies, reflects increased demand for the greenback as investors seek safe-haven assets amid geopolitical uncertainties. FX Street reported the current trading range as the index stabilizes around 99.70 during early Monday sessions.
For Japanese investors, the strengthening US Dollar could influence export competitiveness and impact cross-border capital flows, particularly in FX and equities markets sensitive to currency fluctuations.