Dollar Rises on Strong US Economic Data and Geopolitical Tensions Ahead of FOMC Meeting
The US dollar rose by 0.24% as strong economic data, including higher housing starts and capital goods orders, supported its value. Geopolitical tensions between the US and Iran also contributed to the dollar's strength as a safe-haven asset. The Federal Reserve is expected to keep interest rates unchanged during its upcoming FOMC meeting.
Topics: Crude Oil Prices Dollar Index FOMC Meeting US Economic Data US-Iran Tensions