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The US dollar showed mixed performance against major currencies, rising 0.12% against the euro and 0.04% against the pound, while falling 0.08% against the yen. Technical analysis of EUR/USD, GBPUSD, and USDJPY highlighted key levels for traders. Geopolitical tensions in the Middle East, including Iran's rejection of US pressure and Hamas' governance shift in Gaza, added volatility to energy markets. Meanwhile, crude oil rose to $69.02, and Bitcoin traded near $63,151. The US Treasury will auction 3-year notes, with bond yields rising across the curve.
The dollar's strength against most majors, except the yen, reflects ongoing US monetary policy expectations and risk-on sentiment. Geopolitical risks in the Gulf, particularly the projectile strike near Oman, could pressure oil prices and indirectly affect USD demand. Traders should monitor technical levels on EUR/USD and GBPUSD for potential breakouts, while Middle East tensions may create short-term volatility in energy-linked assets.
For MENA investors, the interplay between dollar strength and regional security concerns is critical. The upcoming US Treasury auction and Fed policy signals will shape USD momentum. Energy prices and geopolitical developments remain key variables to watch for cross-asset correlations.
