The US dollar strengthened across major pairs following upward revisions to payroll data and escalating geopolitical tensions that boosted safe-haven demand. EUR/USD declined as the greenback's appeal increased amid market uncertainty. USD/JPY showed mixed trading as both currencies benefited from risk-off sentiment, though the dollar's fundamental support proved stronger. The Dollar Index futures advanced, confirming broad-based USD strength across the currency spectrum. Recent US employment data revisions painted a more robust labor market picture than initially reported, supporting Federal Reserve hawkish stance expectations. Geopolitical developments, particularly concerning Russia-Ukraine tensions and potential spillover effects, have increased demand for dollar-denominated assets. Technical analysis shows the Dollar Index approaching key resistance levels, with a break above potentially accelerating gains. Traders are positioning for continued dollar strength while monitoring geopolitical headlines for further market catalysts.
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