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Dollar drops to 3-month low
The US dollar struggled to gain sustained momentum, moving sideways near its three-month lows due to a balance between the US sanctions imposed on Iran and domestic financial concerns. The dollar index rose slightly by 0.1% to reach 98.89, but it remains close to the 98.5 low, with investors hesitant to build strong positions on its rise. Meanwhile, the euro remained steady at 1.1600 dollars, and the interest rate differential continued to favor the dollar despite tensions. Additionally, the Japanese yen and Indian rupee declined, influenced by factors related to monetary policy and oil prices.
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