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Currency markets steady after oil hits $100
Financial markets experienced cautious calm amid limited trading, with oil prices remaining above $100 per barrel due to escalating tensions in the Middle East, where attacks on ships between Iran and the United States have occurred. Inflationary pressures stemming from the energy crisis have pushed up global bond yields, with U.S. 10-year Treasury yields reaching their highest levels since 2023. The dollar received some support, declining slightly against the euro and the pound, while the Japanese yen's rise paused at 153.70 ahead of the release of US inflation data.
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