Dollar jumps on renewed Middle East attacks, Hormuz closure

SINGAPORE: The dollar ‌jumped against most of its peers as a renewal of conflict in the Middle East fanned inflation fears and the prospect of rate hikes from central ​banks increased. Against the yen, the US dollar was up 0.1 percent at 161.92 yen. The euro weakened 0.1 percent to $1.1403 while the British pound slipped 0.1 percent to $1.3383. The Australian dollar was down 0.1 percent at $0.6942, while its kiwi counterpart slid 0.1 percent to $0.5757.

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