Dollar surges amid oil tensions and U.S. energy boom

U.S. dollar rises for third day as investors seek safety amid soaring oil prices and growing energy market tensions

The U.S. dollar continues to climb for a third straight day as investors flock to safe-haven assets and global oil prices surge. Rising tensions in energy markets are amplifying the dollar’s strength, while the United States’ role as a major energy exporter supports demand.

Steve Gopalan from SkandaFX talks about key drivers behind the dollar’s performance, the potential impact of the RBA’s rate decisions, and the broader implications of energy exports on inflation and monetary policy.

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