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The US dollar is rising due to signs indicating that the Iran conflict remains tense.
Golden Finance reports that on April 23, the US dollar rose as signs that hostilities in Iran remained tense continued to support oil prices and bolster demand for safe-haven assets. Iran attacked three ships in the critical Strait of Hormuz and escorted two of them into Iranian waters. However, White House Press Secretary Karoline Leavitt said these attacks do not constitute a violation of the ceasefire agreement. Mediators are trying to bring the diplomatic process back on track, and a meeting between the US and Iran could take place as early as Friday. The DXY US dollar index rose 0.1% to 98.643 after reaching a one-week high of 98.737 overnight. (Zhitong Finance)