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The Economic Times
The Economic Times
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Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk

United States Iran Tokyo Japanese Yen Japan Oil

The dollar started Friday's Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo.

The U.S. and Iran exchanged fire and traded barbs again on Thursday, piling fresh pressure on a fragile month-long ceasefire as Iran reviews Washington's proposal to end the war.

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