India, April 21 -- The U.S. Dollar value edged higher as the U.S.-Iran standoff over the next round of peace talks kept the Strait of Hormuz effectively shut, pushing oil prices higher. In addition, more-than-expected U.S. pending home sales numbers and strong month-over-month retail sales supported the U.S. dollar.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.36, up by 0.29 (or 0.30%) today.
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