Dollar Index Near 99 Amid Inflation Concerns and Middle East Tensions

The dollar index has remained near the 99 mark this week, supported by concerns over inflation and ongoing geopolitical tensions in the Middle East. Strong US economic data, including lower jobless claims and robust service sector growth, have also contributed to the dollar's strength. Market fears of a prolonged conflict have reinforced the US dollar's status as a safe-haven currency, while major currencies like the euro and pound have seen modest gains against the dollar.