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JUST IN: The foreign exchange market opened the day with a defensive tone and little movement, as traders assessed the potential impact of further military escalation linked to Iran.
Caution dominated the dollar and other currencies, in a context where geopolitics is once again weighing heavily on global financial decisions.
The dollar traded steadily as investors closely monitored the risk of a military escalation related to Iran. Geopolitical tensions increased the demand for caution in the forex market and limited broad currency movements.