The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert.

Oil prices rose for a third day running on Wednesday and the dollar was on the brink of breaking above 160 yen as fresh hostilities flared in the Gulf after US-Iran peace talks…

NEW YORK/LONDON, June 3 : Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders…