The dollar keeps going up.

From Marketplace, I'm Sabri Beneshore, in for David Brancaccio.

When President Trump said there were talks to end the war, markets rallied and the price of oil fell.

When Iran said there were no talks, markets sank, and the price of oil went up.

Iran has since rejected President Trump's recent proposal. Meanwhile,

in the background, the U.S. dollar on the whole has been getting stronger. We've got Jane Foley

to help us understand what it all means. She's head of foreign exchange strategy at Rabo Bank in London.

Welcome. Thank you. Good morning. You know, on the one hand, President Trump says there's a

plan. He wants to end the war. Iran's response has been cool. Who are markets listening to? Well, the market, of course, now is caught between the two, the optimism of Trump and the defiance, really, of Iran. And right now, today, well, perhaps it's the defiant tone of Iran that has led stock market futures, for instance,

into the red, seeing Bondi'll push a little bit higher. But as we head into the end of the week,

we do coincide with that five-day deadline that was announced by Trump just a few days ago. And if there

is no real prospects of Iran coming to the table or conceding that they are at the

table with respect to negotiating some degree of ceasefire, well, I would imagine investors will be

getting nervous about what could happen over the weekend. The US dollar has continued to gain

against other major currencies this week. Why is that happening?

Well, there are a few reasons for this. The first is that the dollar really has proven itself to be the safe haven of choice.

And this is related to liquidity. It's related to the fact that the dollar really is deeply embedded in supply chains and payment systems around

the world. And like it or not, it therefore remains a safe haven of choice because investors

will need dollars to transact, etc. So these aspects are seen to be protecting the outlet for the US economy relative to perhaps Europe.

If the dollar has been gaining strength, meaning people want it, but at the same time, bond yields are going up, meaning people are not so hot on bonds.

Where are they putting their money exactly?

The most important thing is liquidity, and most of that liquidity will be going into the

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