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In the context of geopolitical tensions, the US dollar remains a safe haven.
Jin10 data June 13th news, Monex Europe analysts stated in a report that following Israel’s attack on Iranian nuclear facilities, the strengthening of the US dollar should awaken those who believe that the dollar is no longer a safe-haven currency. They said that unstable US policies have weakened the dollar’s safe-haven appeal, but significant geopolitical shocks still favor the dollar. “After all, compared to other safe havens, the US economy is relatively less affected by such disruptions.” They noted that the balance between tariff concerns and geopolitical worries should be the main market driver at present.