Forex
Dollar Gains Amid Iran Sanctions and Debasement Fears
The US dollar gained strength on Tuesday after Washington expanded sanctions against Iran and hinted at easing pressure on longer-dated Treasury yields.
US Treasury Secretary Scott Bessent warned countries to cut business ties with Iran or risk being forced out of the dollar-based financial system, potentially reversing recent dollar weakness.
The euro declined 0.1% to $1.1655 as it continued its three-day decline after hitting a three-month peak last week.
Cryptocurrencies bucked the dollar's strength, with Bitcoin crossing the $80,000-mark for the first time since mid-May, driven by debasement fears.