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The Economic Times
The Economic Times
Business

Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets

The U.S. dollar held firm against most major currencies on Thursday as renewed Gulf tensions revived safe-haven bids while surging oil prices boosted rate hike bets, keeping the Japanese yen under pressure.

The dollar fetched 162.41 yen, hovering near the strongest level since July 1. The euro and the British pound were largely flat and traded at $1.1426 and $1.3392, respectively.

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