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Dollar reaches weekly peak amid safe haven demand
The US dollar index reached its highest level in over a week, supported by rising Treasury bond yields and increased demand for safe-haven currencies amid continued escalation in the Middle East. The dollar index rose by 0.2% to 101.17 points, while the Japanese yen fell to its lowest level against the dollar since 1986, recording 163.19 per dollar, prompting Japan to intervene to support its currency. Meanwhile, the euro declined slightly as investors awaited the European Central Bank's decision, which is expected to keep interest rates unchanged due to inflation risks.
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