Dollar holds firm as risk of protracted Middle East war saps sentiment - Reuters
Dollar holds firm as risk of protracted Middle East war saps sentiment Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"The benefit to AUD/USD from the reassessment higher of the Reserve Bank of Australia’s cash rate has peaked in our view."
— Joseph Capurso , Executive
"Our base case has only one quarter of GDP declining, before growth returns, as oil prices decline."
— Paul Bloxham , Academic
"The probability distribution of outcomes has shifted dramatically."
— Chris Weston , Executive
Key People
Anthony Albanese is the Prime Minister of Australia.
Currency diplomat in Japan.
Chris Weston is the Chief Executive of Thames Water.
Head of international economics at the Commonwealth Bank of Australia.
Kazuo Ueda is the governor of the Bank of Japan.
Chief economist, Australia, NZ & Global commodities at HSBC.
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<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxPcjFULThjcUo0VndpbEU2S2RMN29yVEVIR2NaVkRXcG9UWTRjeWtzX0R5X1d0ZElDT0loQktwVlhtNWRvbzhRY3ZHLTNuNWRqZmVUdGNCLUVKeHcwQlNlT1J6TVltQnQ5a1I3NEFOd1ZydS1FdU43WElJc2dRdkNPQ2dlNkV3Z3FpQVZfLWFOVXBLV3NiSS1HaHRKZkFtLXdpdlcxVjdWaDcyd1NfTWp4V2pETUxoQkpudWdB?oc=5" target="_blank">Dollar holds firm as risk of protracted Middle East war saps sentiment</a> <font color="#6f6f6f">Reuters</font>
Global stock markets fell and oil prices rose, driven by a lack of progress in ending the Middle East conflict, which is beginning to erode consumer and business confidence.
The U.S. dollar strengthened, positioning it for its best monthly performance since July, as investors sought safety amid the ongoing Iran conflict.
The U.S. dollar neared a 10-month high as escalating Middle East tensions, including U.S. troop deployments and Iranian warnings, dampened hopes for a swift resolution, leading investors to seek safe-haven assets.
The U.S. dollar remained steady, poised for its strongest monthly gain since July, as investors worried about the implications of a prolonged Middle East conflict, which has disrupted the Strait of Hormuz and global oil flows.
The U.S. dollar maintained its strength against major currencies as diminishing hopes for a Middle East ceasefire heightened concerns over a prolonged energy crisis, boosting demand for safe-haven assets.
The Australian and New Zealand dollars hit multi-month lows as surging energy costs from a protracted Middle East war darkened the outlook for global growth, sending investors to the safety of the U.S. dollar.
The U.S. dollar strengthened as investors sought refuge amidst escalating Middle East tensions, with markets anticipating potential U.S. interest rate hikes due to rising energy prices.
The U.S. dollar remained steady, nearing its strongest monthly gain since July, as investors expressed concerns over the potential prolonged Middle East conflict.
The U.S. dollar remained firm amid Middle East tensions, while the Japanese yen faced pressure, moving past the 160 level, raising concerns about potential currency market intervention.
Markets are bracing for a critical week as escalating Middle East tensions, including U.S. military operations and Iranian warnings, have led to surging oil prices and heightened concerns about global economic growth.
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