Rising US yields support USD amid Iran tensions

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Published: 6 hours ago

Rising US Treasury yields provided support for the USD on May 19, while major US stock indices closed lower. Geopolitical tensions escalated with conflicting reports on US-Iran talks progress and potential military action. The USD strength from higher yields impacts major pairs, particularly against safe-haven currencies. Japan's finance minister warned of decisive forex intervention, adding volatility to USD/JPY amid broader geopolitical uncertainty.

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