Analysis: Investors watching oil should keep an eye on the dollar

An escalation of tensions in the Middle East has raised concerns about the price of oil - but the dollar’s rally could have a more immediate impact

While equity markets appear unconcerned for the time-being the dollar is telling a different story. Picture: GSO Images

As tensions in the Middle East escalated on Sunday with Iran’s attack on Israel, analysts and investors globally woke up nervous on Monday about how the markets would cope.

However, they should’ve rested easy. Global stocks were mostly undisturbed by the conflict - and oil actually dipped lower despite fears that it would surge into triple digits.

However, experts are keeping one eye on the dollar. The currency is nearing a one-year high against its ...