The dollar has strengthened notably against the euro, pound and Australian dollar against the backdrop of Middle East developments, while the yen remains on a strengthening trend in cross-yen pairs. Dollar-yen is slightly lower, and EURUSD has risen to 1.1158.
As concerns over the situation in the Middle East intensified, the dollar firmed against major currencies including the euro, pound and Australian dollar. The market is showing somewhat confused price action as safe-haven buying of both the yen and dollar intersect.
The yen has been strengthening in cross-yen markets, with yen demand rising in pairs other than dollar-yen. Against this backdrop, dollar-yen is reportedly trading slightly lower.
Recent foreign-exchange trading records show EURUSD reaching 1.1158, with the dollar's relative strength against other major currencies continuing.