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Dollar steadies, yen declines

Dollar steadies, yen declines

The dollar stabilized significantly today, as tensions between Washington and Tehran boosted demand for the currency as a safe haven, while the Japanese yen remained near its lowest level in 40 years with no notable changes. The dollar index stood at 101.11, with rising oil prices raising inflation concerns, as U.S. two-year Treasury yields reached their highest level in 17 months. Meanwhile, Brent crude rose by more than 1.3% to reach $95.31 per barrel, reflecting the prospects of interest rate hikes in the United States.

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