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Maroc Maroc - WN.COM - World - 28/Mar 10:23

Dollar gains ground as nerves deepen

Safe-haven demand pushed the US dollar towards its strongest monthly advance since July, as investors sought liquidity and relative shelter from a widening Middle East energy shock while also scaling back expectations for Federal Reserve easing this year. The dollar index was trading near 100.17 on March 27 and was up about 2.6 per cent for the month, a move that outpaced most major peers. Currency markets have been driven by a mix of geopolitics, oil and interest-rate repricing. Escalating tension around Iran and shipping risks linked to the Strait of Hormuz have revived the dollar’s traditional haven role at the same time as higher energy prices have...

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