US FX WRAP: Dollar extends on gains as Middle East war rages on
The ongoing Middle East conflict is driving demand for the US dollar as a safe haven, which is evident in its gains against other major currencies.
The Treasury Department made it easier Friday for US businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the Iran war, Axios reports
FHFA Director Pulte says Fed Chair Powell has got to go, Fox reports
US FX WRAP: Dollar extends on gains as Middle East war rages on
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE UNCHANGED AT 111-13
US Treasury issues general license authorising certain activities involving Venezuelan-origin oil or petrochemical products
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This geopolitical instability tends to support the dollar, as investors seek security in uncertain times, potentially influencing risk sentiment across various asset classes.
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