Dollar stays steady amid peace deal talks
The US dollar remained at high levels against major currencies, supported by tensions surrounding the US-Iranian peace deal and expectations of a US interest rate hike. Meanwhile, the Japanese yen's value declined to near its two-year lows due to the strengthening dollar and Japan's low interest rates. Expectations of an interest rate increase in the US pushed the dollar to its highest in 13 months, while the euro and British pound retreated after their previous declines and then rebounded. The Swiss franc continued its decline amid possible interventions by the Swiss National Bank.
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