India, July 13 -- The U.S. Dollar value edged higher as U.S. and Iran engaged in a military confrontation over the weekend with Iran shutting the Strait of Hormuz, bringing back crude oil supply-related concerns and consequent inflationary threats.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 101.31, up by 0.36 (or 0.36%) today.
While against the Euro, the USD was trading at 1.138, up by 0.31%, against the GBP, the USD was trading at 1.334, up by 0.39%.
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