India, April 22 -- The U.S. Dollar value moved higher after U.S. President Donald Trump announced an indefinite extension of the ceasefire set to lapse on April 22, which boosted the stock markets. However, the blockade on Strait of Hormuz and Iran's seizure of two ships in the strait kept the tensions alive and limited the dollar's slide.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.61, up by 0.24 (or 0.24%) today.
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