According to CoinMeta, on Tuesday, the US dollar rose slightly but remained close to its lowest levels in several months, as traders reduced their bets on interest rate hikes, despite the threat of an escalation in the Middle East conflict weakening market sentiment. The euro fell from its two-month high of $1.161 reached on Monday and is currently fluctuating slightly at $1.157. The pound sterling declined to $1.352 due to weak data from the UK labor market, just 0.1% away from its three-month high. Data from recent weeks indicates a slowdown in the US economy, including unexpected unemployment figures and modest inflation data last month, leading investors to lower their expectations for Federal Reserve interest rate hikes. Compared to the money market, bond traders are more concerned about inflationary concerns sparked by the Middle East conflict and increasing fiscal pressures. On Tuesday, the long-term borrowing costs of major Western economies reached their highest levels in decades.