Thierry Wizman
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Dollar eases as investors weigh Middle East hopes, rate outlook
Dollar eases as investors weigh Middle East hopes, rate outlook June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week. The U.S. economy is relatively insulated from energy shocks compared to other countries, which is one of the reasons why investors flocked to the safe-haven dollar during the conflict, while selling the euro and the...