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The Economic Times
The Economic Times
Business

Dollar near one-week high as US-Iran tensions flare, yen nears intervention zone

The dollar held firm near a one-week high on Thursday on a Reuters report that the U.S. had carried out new strikes in Iran targeting a military site, while the yen softened towards a level that triggered central bank intervention last month.

The strikes complicated peace talks underway between Washington and Tehran. Earlier on Wednesday, President Donald Trump had ‌said he was "not ⁠satisfied" on ⁠a deal with Iran, and dismissed an Iranian state media report that Iran and Oman would jointly manage shipping through the Strait of Hormuz as part of a peace deal.

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