Dollar nears 18-month peak amid Middle East concerns
The dollar maintained a level close to its highest in 18 months amid escalating tensions in the Middle East, which heightened investors' caution ahead of this week's US inflation data that could influence monetary policy expectations. The dollar index slightly declined to 101.975 points but remained near the peak it reached last week, experiencing a slight drop against the yen and a rise in oil prices due to Houthi attacks on Saudi Arabia and energy tensions between Russia and Ukraine, amid expectations that the Federal Reserve will keep interest rates unchanged in October.
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