The US dollar index measured against key peers was a touch firmer at 98.235 after renewed hostilities broke out between the US and Iran. Oil prices jumped, with US crude futures rising as much as 3% in early trading, adding to the risk-off mood in currency markets. Sterling traded at US$1.3555, poised for its first weekly loss since March, as investors awaited local election results. The yen was largely steady at ¥156.995, with Japan facing no constraints on how often it can intervene in currency markets. The rising tensions lifted the greenback for a second day from an over two-month low, putting it on track to finish the week largely flat.
The US dollar index measured against key peers was a touch firmer at 98.235, after renewed hostilities broke out between the US and Iran . Oil prices jumped, adding to the risk-off mood in currency markets .
Sterling traded at US$1.3555, poised for its first weekly loss since March, as investors awaited local election results. The yen was largely steady at ¥156.995, with Japan facing no constraints on how often it can intervene in currency markets. The rising tensions lifted the greenback for a second day from an over two-month low, putting it on track to finish the week largely flat
US Dollar Iran Oil Prices Sterling Japanese Yen Tensions Dollar Index Key Peers Renewed Hostilities Peace Deal Vessel Flows Hormuz Local Election Results Currency Markets Risk-Off Mood Interventions Warnings Sharp Selling Resolve Daily Contact Bank Of Japan's Resolve Testing Macro Conditions Technical Conditions
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