Dollar buoyed by safe-haven bids, rate jitters
Monday, 16 October 2023
The dollar strengthened as tensions in the Middle East increased and investors awaited a speech by Federal Reserve Chair Jerome Powell for insight into the US central bank's rate outlook. The Israeli shekel fell to an eight-year low against the dollar after Prime Minister Benjamin Netanyahu vowed to "demolish Hamas".
The dollar strengthened as tensions in the Middle East increased and investors awaited a speech by Federal Reserve Chair Jerome Powell for insight into the US central bank's rate outlook. The Israeli shekel fell to an eight-year low against the dollar after Prime Minister Benjamin Netanyahu vowed to "demolish Hamas".
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