Lates News

Affected by oil price fluctuations, the U.S. dollar once hit a seven-week high of 100.667 against a basket of currencies. Earlier, given the United States' position as a net oil exporter and the dollar's safe-haven attributes, rising oil prices had driven the dollar higher; at the same time, after the Federal Reserve raised interest rates by 25 basis points last week and signaled that it would continue raising rates, the market is betting on further U.S. rate hikes. Subsequently, after Kyodo News reported that Iran proposed reopening the Strait of Hormuz within seven days if the United States takes measures to ease military pressure, oil prices turned lower, and the U.S. Dollar Index DXY briefly fell 20 points in the short term, erasing its earlier gains.