According to ChainCatcher, analysts at Deutsche Bank point out that the dollar has appreciated recently due to the Israel-Iran conflict, mainly driven by the rebound in oil prices rather than its safe-haven currency role. The increase in oil prices has improved the U.S. trade conditions.
The dollar did not strengthen overall last Friday, falling against the Canadian dollar and the Norwegian krone. Analysts explain that the dollar index corrected due to oil prices giving back some of their gains.
