Asia FX Weakens, Dollar Rises Amid Resurgent Us-iran Tensions
Source: Investing.com News
Source: Investing.com News
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The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.30 during the Asian trading hours on Monday. The DXY trades with mild gains on renewed US-Iran tensions.
The AUD/USD pair attracts some dip-buying following a bearish gap opening to the 0.7115 region on Monday and climbs back above mid-0.7100s during the Asian session.
Silver price (XAG/USD) pares its daily losses, trading around $80.50 per troy ounce during the Asian hours on Monday.
Iran’s Foreign Ministry spokesman Esmail Baghaei said the US blockade of Iran’s ports and coastline is an act of aggression that violates the ceasefire, the Guardian reported on Monday.
Gold falls on stronger dollar amid renewed US-Iran tensions Reuters