Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial

Foreign Exchange News: Middle East Fears Drive Dollar Gains, Israel’s Next Move Crucial
October 3, 2024 – Written by David Woodsmith

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The dollar has posted significant net gains over the past 24 hours, primarily due to an escalation in Middle East tensions and defensive demand for the US currency.

Iran launched a wave of missiles against Israel in response to Israel’s killing of the Lebanese Hezbollah leader.

There was a spike in risk aversion with a jump in oil prices which…
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