Economic TimesLean R·
US-Iran tensions underpin dollar as yen nears 40-year low
The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and New Zealand dollars softened against the strengthening greenback.
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