The US Dollar continued its recovery on Monday, January 5, following military strikes by the US in Venezuela, which heightened geopolitical tensions. The dollar index climbed to 97.50, reflecting a 0.5% gain as traders reacted to the news. The EUR/USD pair fell to 1.1100, down 0.4%, as the market adjusted to the strengthening USD.
In contrast, safe-haven currencies like the Japanese Yen saw increased demand, with USD/JPY trading at 109.25, down 0.2%. As uncertainty looms over geopolitical developments, traders are closely monitoring exchange rates and market reactions. The potential for further volatility could lead to shifts in trading strategies, particularly for those engaged in major currency pairs like GBP/USD, which hovered around 1.3000.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 07:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.