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The dollar strengthens on safe-haven demand amid Middle East tensions and rising US rate hike expectations, pressuring EURUSD and GBPUSD lower while USDCAD remains unaffected.
Dollar rises near multi-month highs as Middle East tensions boost safe-haven demand and expectations for US rate hikes, pressuring risk-sensitive currencies like the euro and sterling.
Dollar weakens after Fed officials' comments and ahead of Powell, lifting EURUSD and GBPUSD as the DXY eyes an end to its three-day rally amid a light data week.