The EUR/USD exchange rate continued its strong downward trend, reaching its lowest level since November last year. It dropped to 1.1495, down sharply from the year-to-date high of 1.2080. This retreat may continue as the Iranian war continues. Europe pressured as war in Iran pushes energy prices higher The EUR to USD exchange rate has
The Indian rupee continued its crash today, March 12, reaching its lowest level on record. The USD/INR exchange rate jumped to a record high of 92.28, up by 10% from its lowest level in April last year. This trend may continue as the Iran war continues. Indian rupee at risk as energy prices jump The
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