US Edition
Dollar Eases with Oil on Hopes of Swift End to Iran War
Speculation of a limited Middle East conflict eased safe-haven demand, causing the U.S. dollar to fall and Brent crude oil to drop from $120 to $92.46 per barrel.
- On Tuesday, the U.S. dollar eased as Brent crude futures traded at $92.46 in the Asia morning, down from near $120, boosting risk assets.
- U.S. President Donald Trump said the war against Iran is 'going to be a short-term excursion,' which Iran's Revolutionary Guards dismissed as 'nonsense,' keeping traders cautious.
- Sterling recovered to $1.3412, the Australian dollar sat around $0.7068, and European shares rallied with the FTSE 100 up 1.6% on Tuesday, as oil prices fell over 8%.
- Investors worry that energy-driven price rises could curb global growth and push central banks away from easing rates, while oil prices remain more than 25% higher.
- Although oil prices fell sharply, analysts warned that elevated levels could influence interest-rate paths later this year, with volatility potentially persisting, said analysts.
23 Articles
23 Articles
Oil prices fall and stock markets rebound on hopes of end to Iran war
The price of Brent crude was more than 8% lower at just under 91 US dollars a barrel, having surged past 100 dollars a barrel on Monday. Oil prices have fallen sharply and stock markets bounced back as US President Donald Trump said the US-Israel war with Iran could be over soon. The price of Brent crude was more than 8% lower at just under 91 US dollars a barrel in Tuesday morning trading, retreating from near-four year highs above 100 dollars …
Channel News Asia
Dollar eases with oil on hopes of swift end to Iran war
HONG KONG, March 10 : The dollar lost some of its safe-haven appeal on speculation that the war in the Middle East could prove limited on Tuesday, pulling down skyrocketing oil prices and boosting risk assets.At 157.73 yen and $1.1632 per euro, the greenback was firm in early Asia trade, but it has retreated
The war in the Middle East makes oil and gas prices rise rapidly. Worldwide there is growing concern about supply bottlenecks in energy raw materials. Experts warn of enormous costs for the economy and consumers in Germany as well.
Brent, the reference crude oil in Europe, has reached 120 dollars. Ibex 35 Spanish loses 3.11%, up to 16,527,26 points. More information: The hard wing of the Iranian regime challenges Trump's threats and imposes on Khamenei's son, Mojtaba, as supreme leader
At the opening of energy markets this Monday, the oil barrel burned by 30% in a few hours and exceeded $115.
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