Dollar rises as green hits a year high
The US dollar rose in June, approaching its best monthly performance in nearly a year, supported by geopolitical tensions in the Gulf, rising oil prices, and increased demand for safe-haven assets. Major currencies showed mixed performance, with the euro and British pound remaining stable but posting monthly losses, while the Japanese yen neared its lowest level in four decades. The dollar index gained 2.5%. These developments reflect market anticipation of upcoming US labor market data and could influence future Federal Reserve policy directions.
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