Dollar rises on global economic concerns

US dollar rose against a basket of major currencies today, on strong haven demand on assets such as dollar and gold, amid mounting global economic concerns after the two sabotage attacks on Saudi Arabia.

Two Saudi Aramco's oil facilitates were hit by drones sabotage attacks that led to a supply suspension.

The US accused Iran of being behind the attacks against Saudi Arabia, and the Pentagon released satellite imagery of drones carrying explosives targeting the Saudi oil facilities.

The attacks increased the global markets' concerns about the growth of oil consuming economies, after the impact of this jump in oil prices.

As of 17:41 GMT, dollar rose by 0.4% to 98.6 points, with an intraday high of 98.7 and a low of 98.03.