Dollar holds high as Iran uncertainty boosts safe-haven demand
The US dollar held near a two-month high on Tuesday as uncertainty over the Middle East conflict and growing expectations of a Federal Reserve rate hike boosted demand for safe-haven assets.
The greenback strengthened against most major currencies despite a pause in direct attacks between Iran and Israel after an appeal from President Donald Trump.
The euro traded at $1.1528 and sterling at $1.3335, both down around 0.05% in Asian trading after hitting two-month lows in the previous session.
