Institution: Dollar Strengthens Again Amid Escalating War Concerns
BlockBeats News, March 30th, as concerns over the escalating Middle East conflict lifted oil prices and dampened risk sentiment, the US dollar strengthened once again. Earlier, the yen had strengthened, causing a slight pullback in the dollar, as Japanese officials issued stronger warnings about potential intervention to support the yen. However, the dollar's decline was limited and short-lived, supported by its safe-haven status and the US's position as a net oil exporter.
Chris Turner of ING Group stated in a report: "Unless there is a clear easing signal from Iran, it is difficult to see the dollar giving up its gains for the month in the short term." (FX168)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No scientific evidence but viral on social media: “Bodybuilding miracle drug” peptide products deregulation file sent to the White House for review, Hims&Hers (HIMS.US) surged 6% in one day.
The temporary admission policy for peptides has been submitted to the White House for review, and compounding pharmacies are expected to receive approval to produce BPC-157 and other substances; HIMS closed up 6% on Thursday.
AiCoin丨10.16 Snapshot: PPI Exceeds Expectations, Russia Bans P2P, US Stock ETF Net Outflow
Yen barely gains on a BoJ push for hikes and a Tokyo stock rout
Crypto prices
More
