India, July 23 -- The U.S. Dollar value edges higher amid concerns of the Middle East crisis expanding after fresh attacks on two Saudi Arabian tankers in the Red Sea by Yemen's Houthi rebels. The consequential rise in crude oil price have reinforced expectations of rate hike 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 101.44, down by 0.33 (or 0.33%) today.
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