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      U.S. Dollar Mixed as Stocks Rebound and Oil Prices Retreat Amid Middle East Tensions

      The U.S. dollar opened mixed against major currencies as the North American trading session began, showing strength against the Japanese yen while weakening against the Australian dollar. The dollar's performance was modest against other currencies, with the EURUSD trading at 1.1211, the USDJPY at 158.24, and the GBPUSD remaining largely unchanged at 1.3224. U.S. stock futures indicated a positive opening, particularly for technology shares, with the Nasdaq 100 leading the way.

      Crude oil prices fell, with West Texas Intermediate (WTI) crude futures trading at $90.55, down 1.03%. This decline followed a previous rally that stalled near swing resistance levels. Traders are now watching key moving averages for potential market direction, as the price fluctuates between the 100-hour and 200-hour moving averages.

      Tensions in the Middle East continue to influence market sentiment, with reports of U.S. military preparations against Iran juxtaposed with diplomatic discussions. President Trump has publicly stated that the U.S. will not engage in military action against Iran before the upcoming midterm elections, which has led to a cautious approach among traders. As geopolitical headlines evolve, market reactions remain unpredictable, prompting traders to focus on technical levels to guide their strategies.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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