Reuters: Dollar rises broadly as investors weigh Middle East risks

"Global investors are unwinding cross-border exposures, pushing money into safe havens, and punishing currencies issued by ⁠net energy importers," said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto. Schamotta, however, warned that ​FX markets face two-way risks. "As the war drags on, both Tehran and Washington have strong motivations for returning to the negotiating table and there are good reasons to suspect they could strike a face-saving bargain as soon as this weekend," said Schamotta.

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