News
U.S. dollar strengthens amid fresh oil price jump above $100 a barrel
The U.S. dollar steadied on Thursday, but remains firmer compared to the start of the war in Iran, as investors fret over a renewed spike in oil prices.
By 06:03 ET (10:03 GMT), the U.S. dollar index, which tracks the greenback against a basket of rival currencies, had risen by 0.1% to 99.29. Meanwhile, the euro weakened slightly by 0.1% to $1.1558, while sterling edged down by 0.2% to $1.3388.
Bitcoin hovers just under $70k as risk appetite gets a bid on Iran war end hopes
Bitcoin was higher on Tuesday, as risk appetite returned after President Donald Trump said the ongoing U.S.-Israeli war with Iran could be over soon.
The world’s largest cryptocurrency was last up 2.1% at $69,869.0 by 19:32 ET (23:32 GMT).
U.S. dollar slips amid uncertainty over when the conflict in Iran could end
A rally in the U.S. dollar paused on Tuesday, as investors assessed hopes that the joint U.S.-Israeli assault on Iran could soon come to an end.
The Dollar Index, which tracks the greenback against a basket of six major world currencies, was last down 0.3% to 98.91 at 15:47 ET (19:47 GMT).
Saudi Arabia boosts oil output ahead of Iran strikes, OPEC says
Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran, according to a draft of OPEC’s monthly report seen by Reuters on Wednesday.
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