US Dollar Off Highs Despite Rising Middle East Geopolitical Tensions
From Investing.com: 2025-06-18 05:25:00
The Israel-Iran conflict escalates as the US considers joining in, causing uncertainty in the market. Dollar slips as risk appetite improves slightly, while oil maintains gains and gold fails to benefit. Pound faces pressure ahead of BoE meeting on Thursday amidst soft CPI report. Fed meeting today unlikely to result in rate cut, with focus on dot plot and press conference. Fed Chair Powell expected to maintain balanced approach despite mixed economic data and global uncertainties. Market awaits direction amid ongoing geopolitical tensions and potential policy changes.
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