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Dollar stabilizes amid US-Iran tensions

Dollar stabilizes amid US-Iran tensions

The US dollar remained steady at 101.05 points amidst escalating tensions between Washington and Tehran, boosting demand for the currency as a safe haven amid rising oil prices and fears of increased inflationary pressures. Meanwhile, the euro experienced a slight increase to 1.1418 dollars, the Australian dollar rose to 0.7012 dollars, and the yen reached its lowest level in 37 years at 163.1 to the dollar, amid anticipation of possible intervention by Japanese authorities. Additionally, the rise in the two-year US Treasury bond yield indicates expectations of an interest rate hike by the Federal Reserve.

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