Dollar reaches one-week high on safe-haven demand
The US dollar rose to its highest level in over a week, supported by increased Treasury yields and demand for safe-haven assets amid escalating fighting in the Middle East. This led to the Japanese yen falling to its lowest level since 1986, reaching 163.19 against the dollar, as the market continues to monitor Japan's potential intervention to support the currency. Additionally, the euro slightly declined to 1.1401 dollars, with the European Central Bank expected to keep interest rates unchanged to address the risks of high inflation due to rising energy prices.
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