Dollar Rises as US Strikes on Iran Dim Ceasefire Hopes
Dollar Rises as US Strikes on Iran Dim Ceasefire Hopes
The dollar edged higher against major currencies on Tuesday after renewed U.S. strikes on Iran dented optimism for a near-term ceasefire, boosting demand for the safe-haven greenback.
Market Reaction
Iran said the U.S. had violated a ceasefire after fresh attacks. Brent crude futures rose 3.58% to settle at $98.58 a barrel. The dollar index rose 0.13% to 99.16. Investors remain focused on Middle East developments.
Yen Weakens
The Japanese yen weakened 0.2% against the dollar to 159.31, approaching the 160-per-dollar level that could trigger intervention by Tokyo.
Demand for safe-haven assets increased, while equities and commodities faced pressure. U.S. 10-year Treasury yields fell 7.6 basis points to 4.497%.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
British Pound/US Dollar
Pound weakened due to dollar strength and risk aversion.
Euro/US Dollar
Euro weakened due to dollar strength and geopolitical risks.
USD/CHF
Safe-haven demand boosted the dollar against the Swiss franc.
U.S. Dollar Currency Index
Dollar index rose due to geopolitical tensions and safe-haven demand.
Oil prices rose 3.58% on supply disruption fears.
US Dollar/Japanese Yen
Dollar strengthened against yen; yen weakened.
AUD/USD
Risk appetite decline and dollar strength weighed on Australian dollar.
US Dollar/Chinese Yuan
Dollar edged higher against offshore yuan, but impact limited.
United States 10 Year Government Bonds Yield
Bond yields fell on peace hopes and safe-haven demand.
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