Central Banks· MENA
U.S. Dollar Index Reaches 100.36 Amid Safe-Haven Demand from Iran Conflict
On March 13, 2026, the U.S. dollar index rose 0.7% to 100.36, marking a two-week winning streak driven by safe-haven flows due to the escalating U.S.-Israeli military campaign against Iran. This surge is occurring as Asian currencies weaken, particularly the Indian rupee, which hit a record low against the dollar amid rising oil prices and fears of disruptions in the Strait of Hormuz. In the long term, the ongoing conflict is likely to lead to increased inflationary pressures and recalibrations in central bank policies globally.
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