Dollar Hits Six-Week High as Strong US Data, Middle East Deal Hopes Drive Markets
By Aboki Forex —
The dollar held near a six-week peak on Friday. Strong US economic data and mixed signals on a Middle East peace deal provided support.
Investors are watching for more volatility. Conflicting reports over a US-Iran deal have whipped up swings across financial markets. For now, many traders are latching on to hopes of progress.
Yen Shaky Despite Suspected Intervention
The Japanese yen remains shaky. Authorities are suspected to have stepped in to support the currency recently. But markets remain alert for more action. The yen is still under pressure.
Emerging Asian Currencies Hit by Global Energy Shock
Emerging Asian currencies are feeling the heat. A global energy shock is weighing on them. The dollar's strength is adding to the pressure. Traders are bracing for further losses.