US Dollar Set for Weekly Gains Amid Israel-Iran War

From Investing.com: 2025-06-20 06:39:00

The dollar is on track for significant gains this week as tensions in the Middle East drive investors to seek refuge in the safe-haven currency amidst the Israel-Iran conflict. Oil prices rebounded on supply concerns, with prices hovering around $75 per barrel. The SNB cut interest rates by 25bps, while the BoE delivered a dovish hold, expressing concerns about the economy and labor market. Wall Street resumes trading after Juneteenth, with stock futures pointing to a lower open today amid uncertainty surrounding trade policies and the Middle East situation.



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