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<FX>USD Index Up 1% More, as Mideast Tensions Trigger Risk-off Sentiment
Recommend 8 Positive 3 Negative 5 |
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Amid escalating conflicts in the Middle East which raised inflation concerns, investors flocked to safe-haven assets. The USD sustained its uptrend on Tuesday, with the USD Index rising 1% to 99.4. Compared to the US, Europe and Japan were more susceptible to soaring energy costs, with the JPY falling to its lowest in over five weeks. The USD/JPY dropped to 157.7, and JPY100/HKD was 4.94. The EUR/USD dipped 0.9% to 1.157. AASTOCKS Financial News Website: www.aastocks.com |
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