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The Economic Times

Business

Dollar at week-high after US resumes attacks on Iran

Iran United States Inflation Oil Strait of Hormuz Euro

SINGAPORE: The dollar clung to its highest levels of the week against most of its peers at the start of trading in Asia on Wednesday as the U.S. renewed strikes on Iran, renewing geopolitical tensions and sending oil prices higher.

The dollar index, which measures the greenback's ‌strength against ⁠a ⁠basket of six currencies, traded at 101.18, its highest level since July 2.

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