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Dollar holds firm as risk of protracted Middle East war saps sentiment
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Singapore: The dollar has generally stabilized today on Monday and is heading towards its strongest monthly gain since July, with investors concerned about the consequences of a long-term war in the Middle East, which has led to a decline of the two yen below 160 important levels and raised concerns about the Japanese authorities' interference in the market.
Dollar holds firm as markets brace for drawn-out Middle East war - Regional Media News
By Ankur Banerjee SINGAPORE, March 30 (Reuters) - The U.S. dollar held broadly steady on Monday, poised for its strongest monthly gain since July as investors fret about the ramifications of a long war in the Middle East, denting the yen past the crucial 160 level and spurring intervention jitters. Markets have been rattled this month after the conflict effectively shut the Strait of Hormuz, a chokepoint for about a fifth of global oil and gas f…
Dollar holds firm as risk of protracted Middle East war saps sentiment
SINGAPORE: The US dollar held broadly steady on Monday, poised for its strongest monthly gain since July as investors fret about the ramification of a long war in the Middle East, denting the yen past the crucial 160 level and spurring intervention jitters. Markets have been rattled this month after the conflict effectively shut the Strait of Hormuz, a chokepoint for about a fifth of global oil and gas flows, driving Brent crude toward its big…
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