Dollar Reaches New 40-Year High Against Yen Amid ECB Decision and Rising Oil Prices
The U.S. dollar reached a new 40-year high against the yen, while strengthening further against the euro amid rising oil prices due to increased hostilities in the Middle East and unchanged interest rates from the European Central Bank (ECB). The dollar index rose as inflation fears resurfaced following renewed tensions between the U.S. and Iran.
Topics: ECB_interest_rates euro oil_prices USD yen