The dollar maintained its strength near a one-week high on Thursday following reported U.S. military strikes in Iran targeting a military site. These developments have added complexity to the peace talks between Washington and Tehran.
President Trump expressed dissatisfaction with an Iran deal, while dismissing reports of Iranian-Omani cooperation on the Strait of Hormuz. Oil prices rebounded amid uncertainties, as investors anticipate a potential rise in the dollar with the Federal Reserve’s focus on inflation amid high energy prices.
The yen fell to its lowest since April, close to triggering past intervention levels. Analysts question the lasting impact of such interventions, as markets anticipate a possible interest rate hike at the BOJ’s forthcoming policy meeting.
(With inputs from agencies.)
