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The Economic Times
The Economic Times
Business

Dollar firms as oil climbs, bond rout saps risk appetite

Oil Middle East United States US Federal Reserve

The dollar firmed against most major currencies on Monday as fresh Middle East tensions lifted oil prices and a global bond selloff dented risk appetite, while yen weakness kept traders on alert for possible Japanese intervention.

The euro was last at $1.1609 and sterling fetched $1.3305, both down more than 0.1%.

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