As tensions escalate in the Middle East, the U.S. dollar rises as a preferred safe haven, while other currencies face pressure amid increased market volatilty.
The Australian and New Zealand dollars have surged due to shifting market sentiments, but analysts warn investors to stay cautious amid ongoing uncertainties.
Asian currencies weakened as oil prices soared, but the Indian rupee slightly recovered from record lows amid ongoing inflation concerns and geopolitical unea.
The Australian Dollar slips to 0.7050 as an unexpected narrowing of the trade surplus in January raises concerns over the country’s economic outlook.
The British Pound's strength against the Euro showcases improved investor sentiment and responses to monetary policy shifts, according to ING's Chris Turner.
As Middle East tensions rise, investors seek safe-havens, leading to significant shifts in the forex market and increased volatility in currency trading.
The Pound Sterling is down 0.22% against the US Dollar as stagflation risks and geopolitical tensions weigh heavily on investor sentiment.