Wednesday, October 2, 2024
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Safe haven currencies jump as tensions escalate in the Middle East

Safe haven currencies jump as tensions escalate in the Middle East

A senior White House official said on Tuesday that the United States is actively supporting preparations to defend Israel.

“The market largely ignored the conflict in the Middle East last month, but the direct confrontation between… Iran “Israel is always at risk of deterioration.”

The yen rose 0.1 percent against the dollar to 143.5.

And he settled down Dollar Almost against the Swiss franc at 0.846, as it erased gains recorded earlier.

The dollar index rose 0.4 percent to 101.15.

US data today showed some strength in the economy, the day after Federal Reserve Chairman Jerome Powell ruled out cutting interest rates by another 50 basis points when the US central bank meets next month.

The euro fell in recent trading by 0.55 percent to $1.1075 after cautious statements from European Central Bank officials.

The Australian dollar fell 0.32 percent to $0.6891.

As for cryptocurrencies, Bitcoin fell 1.90 percent to $62,570.



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