The US dollar is set for its largest monthly gain in a year, rising 2.5% in June due to safe-haven demand amid US-Iran tensions and Federal Reserve rate hike expectations. The euro, sterling, and Australian dollar are all facing declines as market uncertainties grow.
The US dollar is set to record its largest monthly gain in a year, having risen 2.5% in June. This surge is driven by increased safe-haven demand due to US-Iran tensions and anticipated Federal Reserve rate hikes. Meanwhile, the euro, sterling, and Australian dollar are…
Market Samachar is a news aggregator. This article was originally published by mint - markets. Tap the button above to read the full story on their site.