The conflict in the Middle East is intensifying. The market appears to be indifferent to the announcement regarding the release of strategic oil reserves. The announcement lacks specifics regarding the pace and composition. Furthermore, the markets’ comprehension of the disruption extends well beyond oil, encompassing gas, fertilizer, sulfur, and urea. Compounding the geo-economic complexities, late Read More
The dollar experienced a decline in its safe-haven status on Tuesday amid speculation that the conflict in the Middle East might be contained, leading to a decrease in soaring oil prices and an uptick in risk assets. At 157.73 yen and $1.1632 per euro, the greenback showed strength in early Asia trade; however, it has Read More
The U.S. dollar remained largely stable in early Asian trading on Friday and was on track for its most significant weekly increase in over a year, as the intensifying conflict in the Middle East heightened the appeal for safe-haven assets. The euro and yen stayed under pressure as the crisis pushed oil prices higher, increasing Read More
