War stimulates demand for the dollar and drives its rise against other currencies
The dollar has maintained its strength against most major currencies, holding near its highest levels since the beginning of the month. This is due to the renewed demand for safe-haven assets amid ongoing tensions in the Middle East and rising oil prices. The exchange rate of the dollar against the yen is approximately 162.41, while the euro and the British pound remain unchanged. There has been increased demand for the New Zealand and Australian dollars following interest rate hikes, while the rise in oil prices reflects expectations of future U.S. interest rate increases and growing inflation risks.
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