Dollar Rises After Fresh U.S.-Iran Conflict -- Market Talk-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Dollar Rises After Fresh U.S.-Iran Conflict -- Market Talk

Dow Jones05-08

0607 GMT - The dollar rises against a basket of currencies as reports of fresh conflict in the Iran war lift oil prices and reduce demand for safe-haven assets. The U.S. military said Thursday that Iran launched attacks at U.S. warships transiting the Strait of Hormuz. In response, the U.S. intercepted the threats and struck Iranian military sites responsible for the attacks. Meanwhile, a federal trade court ruled that President Trump didn't have the authority to impose new global tariffs after his previous levies were struck down by the Supreme Court in February. Investors are also looking ahead to the key U.S. nonfarm payrolls report at 1230 GMT. The DXY dollar index rises 0.1% to 98.162. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

Reports of fresh conflict in the Iran war have increased demand for safe-haven assets. "Dollar Rises After Fresh U.S.-Iran Conflict -- Market Talk," at 0607 GMT, incorrectly said demand for safe-haven assets had reduced.

(END) Dow Jones Newswires

May 08, 2026 04:26 ET (08:26 GMT)

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