The U.S. dollar gained slightly as uncertainty surrounding Middle East peace talks kept investors cautious. The greenback rose to about 98.24, while the euro slipped amid sensitivity to energy prices and the yen lingered near key intervention levels. Traders now look ahead to Kevin Warsh’s Fed Chair confirmation hearing and upcoming U.S. retail sales data for direction.
The dollar climbed to a week high as markets questioned the durability of an Iran ceasefire and reassessed US policy expectations. Traders parsed comments from Federal Reserve nominee Kevin Warsh as slightly hawkish, while upbeat retail sales data boosted confidence in the US economy—together steering currency sentiment higher for the greenback.
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