Dollar steady as investors monitor Israel-Iran conflict ahead of Fed

Dollar steady as investors monitor Israel-Iran conflict ahead of Fed

Source: EODHD - https://www.investing.com/news/economy-news/dollar-steady-as-investors-monitor-israeliran-conflict-ahead-of-fed-4100229
Published: Jun 17, 2025 10:30 PM

By Johann M Cherian (Reuters) -The U.S. dollar held on to gains against major currencies early on Wednesday, buoyed by demand for safety as conflict between Israel and Iran kept investors on edge ahead of a Federal Reserve decision on interest rates later in the day. Israel has pounded Iran over the past six days to halt its nuclear activity and has asserted the need for a change of government in the Islamic republic. The U.S. military is also bolstering its presence in the region, Reuters reported, sparking speculation of U.S. intervention which investors fear could spread into a region replete with energy resources, supply chains and infrastructure. Against this backdrop, the dollar has fo...

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