Sunday 12/April/2026 – 10:15 PM
rose US dollar Against a basket of major currencies during trading at the beginning of the week in the Asia-Pacific region, today, Sunday, driven by investors’ trend towards safe assets, in light of the escalating state of uncertainty following the failure of the lengthy negotiations from the first round between Washington and Tehran to reach an agreement, which kept global markets in a state of uncertainty for the seventh week in a row.
According to Reuters, US President Donald Trump announced that the US Navy will move to impose its control over the Strait of Hormuz, one of the most vital passages for global energy flows, which has been greatly affected since the outbreak of military tensions in late February, prompting Iran to consider it almost closed.
These developments caused a jump in oil prices of more than 30%, which increased concerns about escalating inflationary pressures globally during the coming period.
In terms of currencies, the dollar rose at the beginning of trading, with the euro falling by about 0.5%, recording $1.166, while the dollar rose against the Japanese yen by 0.1%, reaching 159.43 yen.
