Dollar Rises Against Yen and Euro on Iran Conflict Fallout
The US dollar is benefiting from a shift into perceived safe-haven assets, while the euro and yen have weakened as the Middle East conflict lifts oil prices. Key currency moves include:
The dollar was little changed against the yen after rising in six of the past seven sessions. At around 159.4 per dollar, the Japanese currency is on track for its weakest close since July 2024, when Japan’s government carried out large-scale currency interventions.
The dollar advanced 0.5% against the euro, extending gains for a fourth consecutive day and putting it on course to finish at levels not seen since last summer.
The greenback gained 0.6% versus the British pound, which came under pressure after fresh data showed the UK economy flatlined in January.
Source : Newsmaker.id