India, March 24 -- The dollar index climbed from a two-week low on Tuesday after Iran reportedly denied it had held talks with the US to end the war, contradicting US President Donald Trump's remarks on Monday that a deal could be reached soon. Meanwhile, investors remain concerned that energy-driven cost pressures could revive inflation amid effective closure of the Strait of Hormuz, which has led to severe disruption of energy trade but this further supports crude oil prices. This raises the risk of higher inflation in the coming months and the possibility of interest rate hikes from major central banks. The yield on the US 10-year Treasury note also climbed back above 4.37% on Tuesday, reversing part of the previous session's decline a...
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