Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone
The U.S. dollar remains strong near a two-month high amid escalating tensions in the Gulf region. Iranian attacks on Kuwait and U.S. military strikes have heightened geopolitical risks, affecting market sentiment. Meanwhile, the Japanese yen is close to a critical intervention level as the Bank of Japan considers potential interest rate hikes.
- ▪The dollar index reached its highest level since April 7, indicating a strengthening safe haven status.
- ▪The Japanese yen traded at 159.91 per dollar, nearing the key 160 level that may prompt official intervention.
- ▪A recent survey showed prices paid by U.S. services businesses surged, influencing expectations for the Federal Reserve's interest rate policy.
Opening excerpt (first ~120 words) tap to expand
Advertisement window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-fTcX9V5FUqs')); window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-nsGrTCFoir4')); window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-irOeANu_nUc')); window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-DP_mAISWw94')); window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-euVl0D7lXO4')); window.adEntity = window.adEntity || {queue: []}; window.adEntity.queue.push(document.getElementById('ad-entity-NlSlR_BVsMo')); Business Dollar…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Channel NewsAsia.
Discussion
0 commentsMore from Channel NewsAsia
