Dollar Wraps Up Best Month Since July Amid War in Middle East

The dollar finishes its best month since July as war in the Middle East upends energy markets, buffets economic forecasts, and sends investors rushing to the world’s primary reserve currency.

Buoyed by those haven flows, the Bloomberg Dollar Spot Index is up 2.4% this month despite Tuesday’s decline. The US position as the world’s largest producer of oil has also supported the currency amid a surge in global energy prices, as have fading expectations for global growth.