Dollar remains near year-high
The US dollar remained at its highest level in over a year, supported by expectations of interest rate hikes by the Federal Reserve and investor concerns over tensions in the Middle East. Despite a decline in oil prices, the strength of the US currency persisted, with the US Dollar Index rising by 0.2% to reach 101.58 points. Meanwhile, US Treasury bond yields slightly decreased after oil prices fell and inflation worries eased.
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