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For a brief stretch earlier this year, the euro traded comfortably above $1.20. Investors were talking up Europe’s defence spending plans, big-ticket infrastructure projects and a more confident post-pandemic recovery. That optimism evaporated almost overnight. The war in the Middle East revived one of the euro’s oldest vulnerabilities: energy dependence. Crude oil surged toward $100

The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors.  The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week’s high of 5% to the current 4.80%.  Similarly, the ASX 200 Index,

The Turkish lira rose slightly this week as traders waited for the upcoming CBRT interest rate decision, as the crisis in the Middle East continued. The USD/TRY exchange rate retreated to 44 from the year-to-date high of 44.10. Turkish Central Bank interest rate decision  The Central Bank of the Republic of Turkey (CBRT) will be