Dollar heads for weekly gain on Middle East uncertainty
The greenback strengthened as stalled US-Iran negotiations kept oil prices high and spurred safe-haven demand. Japan remains on alert for currency intervention.
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The United States dollar is positioned for its first weekly gain in three weeks as geopolitical friction and stalled peace negotiations between the U.S. and Iran heighten demand for safe-haven assets. While Lebanon and Israel have extended their ceasefire for three weeks, regional stability remains fragile following footage of Iranian commandos seizing a cargo ship near the Strait of Hormuz.
