Dollar near one-week high as markets grapple with Gulf tensions
Oil swung near six-week highs as Houthis’ blockade threat and a Tehran ceasefire proposal kept traders focused on energy supply risks.
- On Tuesday, the U.S. dollar hovered near a one-week high as markets navigated conflicting Middle East signals, balancing energy supply fears against ceasefire hopes.
- Hostilities in the region, including a Houthi naval blockade on Saudi Arabia and the widening war with Iran, have driven oil prices to six-week highs.
- Treasury yields climbed as traders assessed inflationary impact, with the benchmark 10-year yield reaching 4.5937% and 30-year Treasuries remaining firmly above the 5% mark.
- Elsewhere, the Canadian dollar steadied after a one-month low following the United States' 50% tariff on Canadian products, citing what it termed "discriminatory treatment."
- "There is the hope for easing in a little bit of tensions and we'll hit a pause button at some stage. It's all still very volatile," Rodrigo Catril, senior currency strategist at National Australia Bank, said.
16 Articles
16 Articles
The dollar in sight starts this Wednesday near stability, with a valuation bias, in line with the dynamics observed in most of the net markets. The appreciation of oil prices could offer today another day of support for the Brazilian exchange, but in the face of uncertainties about the local electoral scenario, the fall movement of the dollar of the last days may find it difficult to extend, as assess operators at this beginning of the forecast.…
As tensions escalate with the Middle East, the price of the dollar falls against other currencies and oil rises by more than 3% today, July 22.
Dollar near one-week high as markets grapple with Gulf tensions - Regional Media News
By Jiaxing Li HONG KONG, July 21 (Reuters) - The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief. Against the yen, the dollar was largely flat at 162.50 yen. The euro was also little changed at $1.1415, while the British pound held firm at $1.3434 af.ter Britain's n…
The Economic Times
Dollar near one-week high as markets grapple with Gulf tensions
The U.S. dollar held near a one-week peak as Middle East conflicts created energy supply fears. Markets also watched inflation risks as oil prices swung sharply near six-week highs. U.S. Treasury yields edged higher, reflecting concerns about rising consumer prices. Meanwhile, the New Zealand dollar strengthened after robust inflation data supported rate hike expectations. The euro and British pound showed little change against the dollar on Tuesday.
US dollar steady, yields climb and geopolitical risk fuel safe-haven demand - London Business News
The US dollar was relatively steady on Thursday, while persistent geopolitical tensions in the Middle East continued to fuel safe-haven demand for the currency. At the same time, elevated Treasury… The post US dollar steady, yields climb and geopolitical risk fuel safe-haven demand appeared first on London Business News
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