US Dollar holds steady near one-week high on Wednesday
The dollar held steady as markets weighed Iran ceasefire doubts and hawkish Fed comments. Traders now expect interest rates to remain unchanged until 2027.
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The United States dollar remained steady on Wednesday, trading near a one-week high as global markets processed ongoing geopolitical developments in the Middle East. While President Donald Trump announced an indefinite extension of a ceasefire with Iran, significant uncertainty persists regarding whether regional actors will fully commit to the pause in hostilities.
