Dollar holds steady ahead of negotiations

The US dollar steadied as markets remain cautious ahead of the Middle East peace negotiations, despite Lebanon announcing a partial ceasefire between Hezbollah and Israel, amid ongoing geopolitical uncertainty. The dollar index inched up slightly to 99.19, while the Japanese yen approached the 160 level against the dollar, with warnings of potential intervention if it surpasses that threshold. Markets are also looking ahead to upcoming US employment data, which could potentially lead to an interest rate hike by the Federal Reserve.

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