Dollar dips after three-day rise
The US dollar slightly retreated after a three-day rally, with the dollar index decreasing by 0.1% to reach 100.69, as investor confidence recovered and risk appetite increased following a reduction in tensions in the Middle East. Meanwhile, Brent crude oil futures surged by 2.6% to settle at $90.37 per barrel after Washington targeted Iranian sites in response to the killing of US military personnel in Jordan. Additionally, the euro and British pound each rose by 0.1%, ahead of the Federal Reserve meeting on July 29, with expectations of an 85.6% chance of maintaining current interest rates despite warnings of a possible increase to contain inflation.
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