Dollar rises as yen falls amid energy shock

Energy prices rose amid growing concerns over potential disruptions to oil supplies in the Middle East, leading to a surge in crude oil prices to new record highs, with Brent surpassing $109 per barrel. Meanwhile, the US dollar remained close to its weekly highs, supported by increased demand for the currency as a safe haven. The Japanese yen continued to decline due to expectations of interest rate hikes and slowing inflation. Additionally, the United States is expected to raise interest rates by 0.25% at the upcoming Federal Reserve meeting.

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