Market News

    Dollar strengthens as peace talks falter, US blockade of Iran’s ports to begin

    The dollar strengthened to the highest level in a week in a broad rally against most of its peers in early Asian trade on Monday as peace talks between the U.S. and Iran broke down nL1N40U07M and the U.S. Navy prepared a blockade of Iranian ports.

    The U.S. dollar index, which measures the greenback’s strength against a basket of six currencies, was up as much as 0.5% at 99.187, its highest level since April 7. 

    Source : Investing.com