Dollar poised for rally (up!!!) as escalating Middle East conflict spurs haven demand

The dollar was poised for a rebound on Monday as retaliatory threats escalated in the Middle East crisis, damping risk sentiment and boosting demand for haven assets. The greenback on Friday closed out its first weekly decline since the start of the war in Iran, as the effect of surging oil prices on inflation prompted central banks to turn hawkish. The Australian dollar slid in early trade as equity markets looked to open lower. Hopes for an off-ramp to hostilities in ‌the Gulf region dimmed ⁠over ⁠the weekend, with U.S. President Donald Trump threatening to strike Iran's electricity grid and...