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Dollar Nears Year Highs as Middle East Tensions and Fed Hike Bets Weigh on EURUSD and GBPUSD

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The Story

News Summary

  • The dollar strengthened near year-long highs amid safe-haven demand due to Middle East war tensions, while euro and sterling weakened.
  • Markets price in a Fed rate hike, pushing yields higher.
  • The yen nears intervention levels after BOJ signals rate hikes to combat inflation.
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EURUSD price history

1.15 -0.86% over the displayed period

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