The US dollar remained firm on Wednesday as rising tensions in the Middle East pushed oil prices higher and increased concerns over inflation.
The stronger oil prices have raised expectations that the US Federal Reserve may keep interest rates higher for longer, supporting demand for the dollar.
Brent crude prices rose following renewed tensions involving the United States and Iran, while investors remained concerned about possible disruptions to oil supplies through the Strait of Hormuz.
The developments have also kept global financial markets cautious, with investors closely watching the situation in the Middle East and upcoming signals from the Federal Reserve.
The stronger US dollar and higher oil prices are also putting pressure on regional currencies, including the ringgit.
