CurrencyNewsBreaks – Dollar Holds Near Multi-Week Range as Markets Monitor U.S.-Iran Negotiations
Dollar index remained near 99.2, trading within a narrow range since mid-May. Investors watched developments in U.S.-Iran negotiations and the potential reopening of the Strait of Hormuz. Yen hovered near 160 per dollar, a level widely viewed as a potential trigger for Japanese intervention. According to a Reuters report by Hannah Lang and Stefano Rebaudo, with additional reporting by Satoshi Sugiyama, the U.S. dollar traded in a tight range Tuesday as investors monitored developments in ongoing U.S.-Iran negotiations and the potential reopening of the Strait of Hormuz, a key global oil shipping route. Market participants remained cautious amid uncertainty surrounding…





