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MARKETS-ECONOMIC TIMES · INDIAN ·

Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension

As reported by Markets-Economic Times
Global tensions and upcoming U.S. jobs data are keeping the dollar strong, despite a slight dip today. Investors are seeking refuge in the greenback amidst Middle East conflict and a global equity selloff. A hawkish stance from the new Federal Reserve chair also fuels expectations of higher U.S. interest rates, further bolstering the dollar's appeal. All eyes are now on crucial U.S.
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The dollar is poised for its best month in nearly a year, primarily driven by escalating global tensions and anticipation of key U.S. jobs data. Investors are increasingly seeking refuge in the greenback amidst ongoing Middle East conflict and a global equity selloff.…

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