US Dollar Rises After Iranian Nuclear Sites Attack

(MENAFN) The US dollar strengthened on Monday following American airstrikes on Iran’s three significant nuclear installations over the weekend, restoring part of its reputation as a "safe haven" asset.

Investor attention remained centered on the persistent hostilities between Iran and Israel, which intensified after the United States carried out strikes targeting Iran's Fordo, Natanz, and Isfahan nuclear facilities.

US President Donald Trump stated on Saturday that American forces had executed "very successful" airstrikes on the three Iranian nuclear locations, amid growing concerns over an expanding conflict across the region.

Following the military action, US Vice President JD Vance released a statement emphasizing that Washington preferred a diplomatic path forward rather than an ongoing clash with Tehran.

As of 1000GMT on Monday, the dollar index increased by 0.58 percent to 99.30.

In contrast, gold prices remained largely unchanged, standing at USD3,368.25 per ounce.

The US dollar also appreciated against other major currencies, rising by 0.45 percent compared to the euro and gaining 0.5 percent against the British pound.

Tensions throughout the Middle East have intensified since June 13, when the Israeli military—supported by the US—carried out aerial attacks on Iran, leading to retaliatory strikes by Tehran against Israel.

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