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Dollar firms as US-Iran peace deal hangs in balance; yen nears 40-year low
The dollar remains strong against most currencies, nearing a 40-year low against the yen, as a potential US-Iran peace deal hangs in the balance. Federal Reserve projections hinting at a year-end rate hike are boosting the dollar, with traders watching closely for any intervention by Japanese authorities to support their currency. Despite a recent Bank of Japan rate hike, Japanese interest rates remain significantly lower than global counterparts.
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economictimes.indiatimes.com
Dollar on the defensive ahead of first Fed decision under Warsh
The dollar weakened ahead of the Federal Reserve's policy decision, with optimism over a U.S.-Iran peace deal boosting risk appetite. The yen also struggled against a softer…
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Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
The U.S. dollar reached a two-month high as markets anticipated Federal Reserve rate hikes, pressuring the Japanese yen towards intervention levels. Mounting inflation concerns…
