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The Economic Times
The Economic Times
Business

Dollar jumps on renewed Middle East attacks, Hormuz closure

The dollar jumped against most of its peers as a renewal of conflict in the Middle East fanned inflation fears and the prospect of rate hikes from central banks increased.

Against the yen, the U.S. dollar was up 0.1% at 161.92 yen. The euro weakened 0.1% to $1.1403 while the British pound slipped 0.1% to $1.3383.

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