Macro Finance
Dollar Gains as US Plan to Cut Off Iran Spurs Haven Demand
Bloomberg Markets·August 24, 2026·1 min read
The dollar rallied Monday as Treasury Secretary Scott Bessent said the U.S. will cut Iran off from the global financial system, underscoring the greenback's central role in trade and boosting its haven appeal. The announcement heightened geopolitical tensions, prompting investors to seek safety in the U.S. currency.
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