India, Nov. 12 -- The U.S. Dollar value edged higher on Thursday as oil supply disruption concerns returned to markets after U.S. President Donald Trump stated that the U.S. is no longer interested in a deal with Iran. With worries of inflation and global rate hikes returning, expectations among investors about an early reopening of the Strait of Hormuz vanished.
Today, the U.S. Dollar Index DXY, which measures the Greenback against a basket of other major currencies, was last seen trading at 103.18, up by 0.28 (or 0.27%).
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