US Dollar Eases as Investors Trim Fed Rate Hike Bets
The US dollar edged lower on Thursday as markets weighed Middle East tensions. Investors trimmed bets on a Fed rate hike while awaiting further policy clarity.
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The U.S. dollar softened during Thursday's trading session in Singapore as market participants weighed the potential for de-escalation in the conflict involving the United States, Israel, and Iran. The U.S. dollar index, which tracks the currency against a basket of six peers, slipped 0.1% to 99.576, following a period of heightened geopolitical tension that has kept global markets on edge.
