Dollar rises on Iranian attack on Israel and bets that US interest rates will be delayed
PUBLISHED : 16 Apr 2024 at 14:32
Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions, and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts.
A key intervention from China — weakening its daily reference rate for the yuan —…
