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Dollar Strengthens as GBPUSD Slides Amid Middle East War and US Rate Hike Bets

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The Story

News Summary

  • The dollar is nearing its strongest monthly gain in a year due to safe-haven demand amid Middle East tensions and rising US rate hike expectations.
  • GBPUSD weakens amid prolonged conflict concerns, while EURUSD remains stable despite geopolitical risks and mixed economic signals.
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GBPUSD price history

1.35 +1.50% over the displayed period

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