The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering minor gains in the previous day and trading around 99.60 during the Asian hours on Wednesday. Traders turn their attention to the Minutes from the Federal Reserve’s (Fed) July Meeting to gather fresh clues on the monetary policy outlook.
Meanwhile, the US Dollar (USD) is receiving support from safe-haven demand, driven by ongoing geopolitical friction between the United States and Iran and sustained market concerns over global supply. With little indication of a potential agreement to end the conflict and…
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