The US dollar remains strong near six-week peaks. Traders are watching for a Middle East war resolution and the Federal Reserve's next move on interest rates. Rising energy costs could push inflation higher, influencing the Fed's decision. Currencies like the Euro and Yen face pressure. Australia grapples with energy shortages. Japan's core inflation slowed, impacting its currency.

The US dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war.

NEW YORK: The dollar rose to a six-week high on Thursday (May 21) after Iran's Supreme Leader issued a directive that the country's near-weapons-grade uranium must not be sent…