LONDON, July 9 : The dollar backed off this week's highs on Thursday as the U.S. and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest rates.Minutes on Wednesday from the Fed's latest m

The dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil prices saw an increase following the attacks.…

(Bloomberg) -- Oil prices rose and the dollar advanced as investors assessed the implications of renewed geopolitical tensions for energy supplies and risk assets.