The U.S. dollar was perched near a one-month high on Wednesday, buoyed by safe-haven flows after hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day.
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The U.S. dollar was perched near a one-month high on Wednesday, buoyed by safe-haven flows after hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day.
Moves in currencies were largely subdued in early Asian trade as investors stayed on the sidelines ahead of the Federal Open Market Committee’s decision, with markets pricing in a 33% chance of a 25-basis-point hike.
Adding to inflation fears, oil prices were back on the rise after the U.S. military said it intercepted multiple ballistic missiles launched by Iran towards U.S. forces in the Middle…
