The dollar experienced gains as global uncertainty prompted investors to seek refuge in the U.S. currency. Concerns over economic slowdowns in various parts of the world have heightened, leading to increased demand for the dollar as a safe-haven asset.

Several factors contributed to the rise in global uncertainty:

• Slowing Economic Growth: Reports indicated a deceleration in economic expansion in key regions.
• Geopolitical Tensions: Ongoing geopolitical issues added to investor anxiety.
• Market Volatility: Increased volatility in global equity markets further fueled the flight to safety.

Analysts noted that the dollar’s strength reflects a broader trend of investors reducing their exposure to riskier assets and seeking the relative stability of U.S. Treasury bonds and the dollar. The currency’s performance is expected to remain closely tied to developments in the global economic and political landscape.