Dollar Holds Gains, Yen Slips as Mideast Energy Shock Deepens

Dollar holds gains, yen slips as Mideast energy shock deepens

Currently, the dollar stands firm near its weekly highs, whereas the yen is on a downward trajectory, fueled by apprehensions surrounding energy supply. Producer prices in the U.S. ticked up as expected, further strengthening the dollar's performance. Brent crude futures have risen past the $100 mark, leading to increased scrutiny on upcoming U.S. CPI data before the Federal Reserve's interest rate deliberations.

Dollar holds gains, yen slips as Middle East energy shock deepens

The US dollar held steady after gaining 0.3% on Thursday as data showed US producer prices met market expectations in August.