India, July 16 -- The U.S. Dollar value edged higher as ongoing U.S.-Iran standoff continues with both nations refusing to ease their stance, increasing oil-linked inflationary concerns. In addition, the unexpected fall in U.S. jobless claims has lowered expectations for any rate cut by the U.S. Federal Reserve.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 100.72, up by 0.26 (or 0.26%) today.
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