Dollar Stability Amid Federal Reserve Minutes Anticipation and Strait of Hormuz Escalation Concerns

The US dollar remained steady as investors awaited the Federal Reserve's meeting minutes, while the Japanese yen showed limited recovery after fifth consecutive months of wage growth data, despite staying near its lowest levels in 40 years. Currency markets also saw slight declines in the euro and British pound by about 0.1%, and the Korean won fell by 0.4%. Oil prices rose following Iranian attacks on ships in the Strait of Hormuz.

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