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U.S. dollar
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- 1Dollar firms as U.S.-Iran tensions lift oil▼Dollar firms as U.S.-Iran tensions lift oil, hawkish Fed bets build
The U.S. dollar strengthened as escalating tensions between the United States and Iran pushed oil prices higher and boosted expectations that the Federal Reserve will keep interest rates elevated for longer. Rising geopolitical risk is driving demand for safe-haven assets like the dollar, while costlier crude adds inflation pressure that could sway Fed policy decisions. Markets are watching for further developments in the standoff and upcoming Fed commentary.