Dollar Reclaims Ultimate Haven Role as War, Inflation Angst Grow

The widening conflict in the Middle East has made one thing clear: At a time when investors are rushing for safety, the dollar is still the premier asset of choice.

As stocks swoon, and even gold and Treasuries — traditional havens — tumble as the US-Israeli war in Iran intensifies, the dollar’s rise stands out. Since the onset of the conflict over the weekend, the US currency is staging its biggest two-day rally in nearly a year.