US Dollar Buoyed by Middle East Tensions, Safe-Haven Flows

The US dollar has extended its rally, supported by heightened geopolitical tensions in the Middle East and a surge in safe-haven buying. An improving US labor market has added further tailwinds to the greenback.

This comes as market participants weigh the risk of a correction in risk assets, with the Nasdaq seen as potentially vulnerable. However, the dollar's upward momentum remains intact amid the current risk-off environment.