Dollar faces pressure amid Iran sanctions review

The U.S. dollar is struggling to maintain its gains against major currencies amid assessments of how Washington's new sanctions on Iran will impact financial markets. The U.S. Treasury announced an expansion of sanctions on Tehran, warning countries against engaging in trade with Iran to avoid being cut off from the dollar-based financial system. This tension has caused limited fluctuations in the dollar's value, along with a decline in U.S. Treasury bond yields and expectations of statements from the Federal Reserve Chair indicating a focus on tightening control over inflation. Other currencies have remained relatively stable, while Bitcoin rose to around $78,800, as markets continue to monitor economic and political developments.

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