Dollar stays near one-week peak
The dollar exchange rate remained close to its highest level in a week, adding to market expectations that the US currency will continue to strengthen due to positive data on inflation and signals of geopolitical tension in the Middle East. The US dollar index stayed at 100.96, while the euro and the British pound remained steady at 1.1415 and 1.3434 dollars, respectively. Currencies like the New Zealand dollar also rose by 0.4%, supported by expectations of interest rate hikes. Meanwhile, gold prices fell to $4,000 an ounce amidst volatility in other precious metals.
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