Source: tradingview.com

The US Dollar Index (DXY), which measures the Greenback’s value against a basket of six major currencies, extends its advance on Friday and is set for a second consecutive weekly gain amid escalating Middle East tensions, which continue to boost demand for the US Dollar (USD).

The dollar index climbed above 100.3 on Friday, its highest level since mid-May 2025, and was on track for a second consecutive weekly gain as traders continued to favor the greenback as a safe haven amid the escalating conflict with Iran and the lack of prospects for an imminent resolution.Defense…

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Risk-off sentiment, higher US PCE inflation, and stronger consumer spending are boosting the dollar.

Despite a disappointing US GDP reading, in the second part of Friday’s…

(EURUSD) price kept declining in its last intraday trading, to break 1.1465 support, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside minor trendline.

USD/JPY trades around 159.50 on Friday at the time of writing, up 0.10% on the day. The pair remains close to recent highs, supported by the continued strength of the US Dollar (USD) and a still-wide interest rate differential between the United States (US) and Japan.

USD/JPY rebounded after an early dip, with buyers still eyeing 160. A break there could trigger a major long-term breakout in the pair.

USD/CAD extends its advance on Friday as the Canadian Dollar (CAD) weakens across the board after Canada’s latest employment report surprised to the downside, while firm US Dollar (USD) demand amid the ongoing US-Iran war adds further pressure on the Loonie.

The U.S. dollar strengthened further on Friday, with the U.S. Dollar Index (DXY) climbing roughly 0.5% and reclaiming the key psychological threshold of 100. Learn more here.