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Dollar Gains Amid Iran-U.S. Tensions
The US dollar rose noticeably as investors awaited developments in the US-Iran conflict and the broadening of threats in the Middle East, with its index increasing by 0.17% to reach 100.91 points. Conversely, the gains of the British pound slightly declined, closing at $1.3448 after previously reaching $1.3481, amid markets preparing for Andy Burnham to assume the British Prime Ministership. Oil prices also edged down slightly after an initial rise, with West Texas Intermediate (WTI) crude increasing by 0.01% to $82.50 per barrel, and Brent crude rising by 0.08% to $88.17 per barrel, amid expectations that the likelihood of a rate hike by the Federal Reserve has decreased to 14.4% in the upcoming meeting, as markets await the results of upcoming central bank meetings.
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