The US dollar strengthened on Thursday as escalating geopolitical tensions in the Middle East boosted its safe-haven appeal. Meanwhile, the British pound fell after the Bank of England cut interest rates from a 16-year high. …
Continue readingTag: currency markets
Yen Surges on Intervention Suspicions, Sterling Hits One-Year High Against Dollar
The Japanese yen surged against the US dollar on Wednesday, sparking speculation that Japanese officials intervened to support the currency. The yen has seen several sharp rallies in recent days, recovering from a 38-year low …
Continue reading