Dollar inches up as markets on edge over Middle East conflict

Dollar inches up as markets on edge over Middle East conflict

Source: EODHD - https://www.investing.com/news/economy-news/dollar-inches-up-as-markets-on-edge-over-middle-east-conflict-4096281
Published: Jun 15, 2025 10:36 PM

By Johann M Cherian (Reuters) -The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings. As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz - the world’s most important gateway for oil shipping - raised broader economic risks from disruptions in the energy rich Middle East. Scheduled weekend talks between Iran and the United States on Tehran’s nuclear programme were also shelved after Israel launched its surprise attack o...

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