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FOREX-Dollar Hits 7-Week High, Middle East Conflict and Rate Paths in Focus
Safe-haven demand and rising Treasury yields pushed the dollar higher as markets priced a greater chance of a September Federal Reserve hike.
Summary by Devdiscourse
7 Articles
7 Articles
Dollar hits 7-week high, Middle East conflict and rate paths in focus
The greenback tends to benefit from higher oil prices because the US economy is less exposed to energy shocks than many other major economies, at the expense of currencies such as the euro and yen
Dollar rises to 2-week high, Middle East conflict and rate paths in focus
Sept 2 (Reuters) - The dollar hit a two-week high on Wednesday as investors turned to the U.S. currency amid growing concerns about the economic impact of the energy shock and weighed diverging monetary policy paths across major economies.Iran and its Arab neighbours were plunged back into war on Wednesday by the biggest exchange of fire between Tehran and Washington since July.The greenback tends to benefit from higher oil prices because the …
Coverage Details
Total News Sources7
Leaning Left1Leaning Right3Center1Last Updated60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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