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Dollar holds steady amid peace deal outlook
The U.S. dollar maintained its stability at high levels against most major currencies, amid anticipation over the fate of the temporary peace agreement between the United States and Iran. The dollar's value rose against the Japanese yen, nearing its highest levels since 1986, driven by low interest rates in Japan and political tensions. Additionally, the dollar increased by 1% this week against a basket of currencies, supported by expectations of interest rate hikes and intensifying geopolitical tensions.
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