The US dollar edged higher on Tuesday amid market expectations that the United States will reach a ceasefire agreement with Iran, coupled with strong US retail sales data for March indicating solid economic momentum. The US Dollar Index rose 0.3% to 98.3.The US dollar climbed to 159.4 against the Japanese yen, with every 100 yen trading at HKD4.91.Related NewsRetail Sales MoM for Mar in the United States is 1.7%, higher than the previous value of 0.6%. The forecast was 1.4%.The euro fell to 1.175 against the US dollar.The pound sterling declined to 1.351 against the US dollar.The US dollar rose to 1.364 against the Canadian dollar.Related NewsEIA Crude Oil Stocks Change for Apr/17 in the United States is 1.925M, higher than the previous value of -0.913M. The forecast was -1.2M.The Australian dollar weakened to 0.716 against the US dollar.The US dollar advanced to 0.78 against the Swiss franc. (me/s)
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