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Dollar edges up on ceasefire hopes
The US dollar experienced a slight rebound during Asian trading, increasing by 0.2% against the Japanese yen to reach 160.235 yen, as markets retreated from previous expectations of a near-term ceasefire agreement in the Middle East. Meanwhile, the euro and British pound remained near their weekly highs following European interest rate hike decisions. Crude oil prices, on the other hand, fell by 1.8% to $88.76, amid conflicting statements from U.S. and Iranian officials regarding the possibility of signing a peace agreement.
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