The U.S. dollar held its ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, pushing oil prices higher and worrying investors that interest rates may need to stay higher to tackle inflationary pressures.
Investors now fear that the ceasefire that has been in place since April 7 could be in danger and hostilities could resume in the conflict which began at the end of February, killing thousands and halting vital energy flows.
