Dollar climbs amid Iran sanctions outlook
The dollar regained some of its strength today, Tuesday, after the United States announced an expansion of sanctions on Iran, which affected the performance of the US currency against other major commodities. The dollar index rose to 99.07 points, recording a gain of 0.1%, its highest level in three months, amid expectations that the sanctions could lead to a decline in the dollar's value as concerns grow over their impact on the global financial system. In the cryptocurrency market, Bitcoin surpassed $80,000 for the first time since May, with a monthly gain of nearly 30%, amid fears of a deterioration in the US dollar's value.
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