Dollar slightly firmer as U.S.-Iran talks and oil prices jolt exchange rates
12In New York trading that day, the dollar edged higher. Diverging comments related to U.S.-Iran talks and a rebound in international oil prices shook the foreign exchange market. Investors should watch 14the possibility of an agreement that day and the direction of oil prices.
12In New York foreign exchange trading that day, the U.S. dollar edged higher. The move reflected investors' focus on comments related to a ceasefire agreement between the United States and Iran.
In morning trading in New York, the dollar index was 99.849. This figure was slightly higher than in the previous session.
Later in the New York session that day, the dollar-yen exchange rate stood at 160.206yen. Within a day, it appeared to have crossed the 160yen level again.
In London trading, international oil prices showed signs of a rebound. The rebound in oil prices, together with the dollar, increased volatility in the foreign exchange market.
The United States and Iran sent differing messages regarding the possibility of an agreement to end the war. The possibility of signing an agreement on the upcoming 14day was also discussed, heightening market uncertainty.
Remarks concerning the Japanese market also emerged. One market analyst said that the exchange rate could be affected if the Bank of Japan did not show a strong commitment to raising interest rates in the future.
Late in the New York session, the dollar fluctuated generally within a narrow range. Developments in the US-Iran negotiations and movements in international oil prices determined the dollar's movements that day.
Sources: 연합인포맥스
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