Dollar increases on US-Iran tensions
The dollar slightly increased against most major currencies at the start of Asian markets trading, due to escalating tensions in the Middle East, rising oil prices, and ongoing investor uncertainty following recent disturbances. The dollar rose 0.1% against the Japanese yen, reaching 162.48 yen, its highest level since July 9, amid growing geopolitical concerns and a move by investors toward safe-haven assets. Meanwhile, the euro dipped 0.1% to $1.1426, and markets continue to expect no change in interest rates at the Federal Reserve meeting on July 29. Additionally, the dollar's value increased against cryptocurrencies, with Bitcoin rising by 0.2% to $64,637.89.
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