Report: The US dollar remains strong due to US data and safe-haven demand.

The CEO of Sky Links Capital Group, Daniel Takieddine, stated in a report that the stable trend of the US dollar is supported by strong US economic data and uncertainty in US-Iran negotiations, but it is still close to multi-week highs. "Diplomatic efforts are still hindered by differences over uranium stocks in Tehran and future issues in the Strait of Hormuz, which maintains strong demand for the US dollar as a safe-haven asset." He mentioned that recent US data has strengthened expectations that the Federal Reserve will maintain higher interest rates for a longer period. He said that while market pricing reflects expectations of unchanged rates this year, if inflation pressures persist, there is still potential for rate hikes. The dollar closed at 99.294, having reached a six-week high of 99.515 on Thursday.