Amid escalating conflicts in the Middle East which raised inflation concerns, investors flocked to safe-haven assets. The USD sustained its uptrend on Tuesday, with the USD Index rising 1% to 99.4.Compared to the US, Europe and Japan were more susceptible to soaring energy costs, with the JPY falling to its lowest in over five weeks. The USD/JPY dropped to 157.7, and JPY100/HKD was 4.94. The EUR/USD dipped 0.9% to 1.157.Related NewsUnemployment Rate for Mar in United States is 4.3%, lower than the previous value of 4.4%. The forecast was 4.4%.
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