Lates News

The U.S. dollar remained high after hitting a two-month high overnight amidst the outbreak of a new round of conflict in the Middle East. Iran and Israel exchanging fire for the first time since the ceasefire agreement brokered by the United States in early April. The market is awaiting the release of U.S. inflation data on Wednesday, which will affect expectations for the Federal Reserve's June interest rate decision. Deutsche Bank analysts said in a report that the reasons for hiking interest rates seem stronger than the reasons for cutting rates in the short term, and last Friday's better-than-expected non-farm payrolls report further reinforced this.