Dollar steady yen near 40-year low
The US dollar settled today, Thursday, at the level of 101.11 amid renewed tensions between the United States and Iran, which increased demand for the currency as a safe haven. Meanwhile, the yen remained close to its lowest level in 40 years, with no clear signs of a change in trend. The escalation of tensions between Washington and Tehran led to a rise in oil prices, with Brent contracts increasing by more than 1.3% to $95.31 per barrel, amid expectations of further inflationary pressures and the possibility of raising US interest rates. Additionally, rising yields on two-year US Treasury bonds reflected growing inflation concerns. The euro remained stable at 1.1412 dollars, as investors await the European Central Bank's potential decision in September.
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