Dollar Gains as Traders Seek Havens After Hamas Attack in Israel
- Greenback has benefited from Fed, US economy in recent months
- Dollar bid holds amid confusion over growth and inflation: BNY
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The dollar strengthened against most of its major peers as currency traders got their first chance to react to a shock attack by Hamas within Israel.
The greenback — seen as a haven in times of trouble — advanced 0.2% versus the euro and pound, while risk currencies such as the Aussie and kiwi weakened. The Norwegian krone was the best-performing major currency as oil jumped more than 5%, bolstering the outlook for Norway’s exports.