Dollar stays strong ahead of Trump deadline for Iran
The US dollar remains near recent peaks as markets await an 8 p.m. deadline for Iran to reopen the Persian Gulf. Investors seek safe havens amid rising tensions.
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The dollar stood firm in Singapore on Tuesday as market participants monitored a deadline set by the United States for Iran to secure maritime passage in the Persian Gulf. Failure to comply could lead to strikes on Iranian infrastructure, a prospect that has already bolstered the greenback as a safe-haven asset.
