Dollar Jumps to Highest in 10 Days as US-Iran Tensions Intensify

The dollar jumped as new reports of intensifying hostilities in the Middle East dampen optimism for the potential end to the conflict.

The Bloomberg Dollar Spot Index rose as much as 0.3% to the highest level since April 13 on Thursday, before paring. All currencies in the Group of 10 declined against the greenback with the New Zealand dollar leading losses. The tension flare-up drove oil prices higher, with Brent briefly surpassing $107 a barrel.