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The US dollar gained strength against major currencies as rising Producer Price Index (PPI) data signaled inflationary pressures, prompting expectations of tighter monetary policy. Geopolitical tensions between the US and Iran also boosted the dollar's safe-haven appeal. The USD/JPY and USD/EUR pairs saw significant gains as investors positioned for higher interest rates. The move highlights the dollar's dominance amid economic and geopolitical uncertainties, impacting global forex markets.
