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Dollar Stabilizes Near Highest Level in 6 Weeks

May 20, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The dollar stabilized today, Wednesday, near its highest level in six weeks, as investors began to accept the possibility of interest rate hikes to combat inflation resulting from the war with Iran, which pushed the yen back into the area where authorities intervene to support it. The uncertainty regarding when the war in the Middle East will end negatively affected sentiment, raised concerns about inflation, and led to a global sell-off of bonds as the yield on 30-year U.S. Treasury bonds reached its highest level since 2007. President Donald Trump stated that the United States may have to attack Iran again, but he indicated that it wants an agreement to end the war that has caused disruptions in the region.

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