The dollar rose against most major currencies during Friday’s trading, supported by renewed tensions between the United States and Iran.
The dollar index, which measures the performance of the US currency against a basket of major currencies, recorded an increase of 0.06%, reaching 98.124 points at 11:05 Moscow time.
This rise came for the second day in a row, after the dollar had previously fallen to its lowest level in more than two months, amid optimism about the possibility of reaching a peace agreement.
In currency markets, the pound sterling was trading at $1.3555, heading towards its first weekly loss since March 2026, as investors await the results of local elections that may increase political pressure on Prime Minister Keir Starmer.
As for the euro, it stabilized at $1.1727, with expectations for a slightly higher weekly close.
On the other hand, the Australian dollar reached $0.72059, while the New Zealand dollar recorded $0.59365, amid their trend to achieve weekly gains supported by improved risk appetite over the past days.
These moves come in light of a new exchange of fire and criticism between Washington and Tehran on Thursday, which increases the fragility of the ceasefire that has been in place for a month, coinciding with Iran discussing an American proposal to end the war. (Russia Today)
