The escalation of the situation in the Middle East supports the strengthening of the dollar, with the dollar index reaching a five-week high

According to Jinshi News, analysts at Monex Europe stated in a report that if the conflict in the Middle East escalates further, the dollar may extend its gains. The conflict has triggered risk aversion, rising oil prices, and demand for liquidity, with the dollar's strength benefiting from its safe-haven status and America's energy independence. Nevertheless, the dollar index's increase is still less than 1% compared to last Friday's closing. Analysts believe that the short-term trend of the dollar depends on whether the conflict is controlled, with risks leaning towards further appreciation.