Dollar Holds Firm as Central Banks Play Wait-and-See on Geopolitics and Inflation

The US dollar is finding a safe-haven bid as the world's central banks hit the pause button. In a coordinated show of caution, the Reserve Bank of Australia, Kenya's central bank, and Norway's Norges Bank all held rates steady this week, citing the unpredictable economic fallout from the ongoing Iran war and global trade tensions. With no major central bank eager to blink first, the greenback is the default winner in a market paralyzed by uncertainty, offering a yield...