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US Dollar Steadies Amid Iran Conflict and Soft Inflation; Oil Hovers Near Highs

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

News Summary

  • The US dollar remained steady as soft inflation data cooled immediate Fed rate hike expectations, balancing safe-haven support from escalated US-Iran military tensions.
  • Geopolitical conflicts kept oil prices near one-month highs.
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