President Trump's Iran speech hint lifts US dollar higher
Business
After President Trump's latest speech hinted at possible military action against Iran, investors rushed to safer bets, giving the US dollar a noticeable lift.
The dollar gained ground against major currencies like the Swiss franc and Japanese yen, as everyone looked for stability in uncertain times.
Oil spikes nearly 8%, currencies slip
Oil prices spiked nearly 8% on worries about supply disruptions, while US Treasury yields bounced around before settling a bit lower.
Big currencies like the euro and pound slipped against the dollar.
Even crypto wasn't spared: bitcoin and Ethereum both dropped as market nerves spread.
With a key US jobs report coming up soon, all eyes are on what happens next for interest rates and markets.