Dollar gains and yen weakens past 160 on bond selloff
The dollar strengthened on Tuesday as renewed U.S.-Iran hostilities sparked a global bond selloff. Meanwhile, the Japanese yen slipped past the key 160 level despite rising rate hike pressure.
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The United States dollar strengthened on Tuesday as renewed hostilities with Iran triggered a global bond selloff, while the USD/JPY slid past 160 again. The geopolitical clash pushed Brent Crude Oil futures above $92 a barrel, intensifying inflation concerns worldwide. Investors are weighing shifting monetary policy paths as bond yields surge across major economies.
