India, Aug. 12 -- The U.S. Dollar value inched higher as investors watched the ongoing efforts to break the deadlock in the U.S.-Iran negotiations over the Strait of Hormuz reopening with cautious optimism. The soft U.S. inflation numbers lowered concerns of an immediate rate hike by the U.S. Federal Reserve.
Today, the U.S. Dollar Index DXY which measures the Greenback against a basket of other major currencies was last seen trading at 99.96, up by 0.16 (or 0.16%).
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