US Dollar Rises on Iran Sanctions
The US dollar advanced as the administration expanded sanctions on Iran and imposed steep tariffs on Canadian goods. Trade tensions pressured the Canadian dollar downward significantly.
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The United States dollar rose 0.17% to 98.99 on Monday afternoon, rebounding from a three-month low following new sanctions on Iran and fresh tariffs on Canada goods. The advance breaks a stretch that saw three weekly declines out of the prior four sessions. The greenback climbed as trade friction escalated across multiple fronts.
