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USD Soars on Fed Rate Hike Bets as Iran War Fuels Inflation Fears

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • USD strengthens on inflation concerns from Iran war as investors price in higher Fed rates.
  • EUR and GBP weaken amid risk-off sentiment.
  • Yen approaches intervention levels as 30-year Treasury yields hit 17-year highs.
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EURUSD price history

1.15 -0.86% over the displayed period

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