The dollar edged higher on Friday, driven by safe-haven flows as investors sought shelter from concerns about global economic growth. Uncertainty in international markets has prompted a move towards the perceived safety of the U.S. currency.

Factors Influencing the Dollar’s Rise

• Global Economic Concerns: Worries about slowing growth in various regions, including Europe and Asia, have fueled demand for safe-haven assets.
• Geopolitical Risks: Ongoing geopolitical tensions also contributed to the risk-averse sentiment in the market.
• U.S. Economic Data: Recent U.S. economic data, while mixed, has generally supported the dollar’s strength.

Market Reaction

The dollar’s rise was most pronounced against currencies of countries with weaker economic outlooks. Analysts noted that the trend could continue in the short term, depending on upcoming economic releases and geopolitical developments.

Expert Commentary

“The dollar is benefiting from its safe-haven status as investors reassess global growth prospects,” said John Smith, a currency strategist at a major investment bank. “We expect this trend to persist until there is more clarity on the global economic outlook.”