The US dollar is expected to achieve its first weekly gain in three weeks.

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Golden Finance reports that on April 24th, Friday, the US dollar is expected to achieve its first weekly increase in three weeks, due to the peace negotiations between the US and Iran stalling, causing expectations of a rapid easing of tensions in the Middle East to fall short. As the ceasefire agreements in Lebanon and Israel are extended for three more weeks before expiring on Sunday, Iran demonstrated its control over the Strait of Hormuz by releasing video footage of its special forces raiding a giant cargo ship, making it difficult to determine when the shipping route will reopen. A senior analyst at Mitsubishi UFJ Bank stated, “There are reports that negotiations between the US and Iran are making no progress, but crude oil prices remain firm, which has driven the strengthening of the dollar.” (Jin10)

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