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Dollar jumps on renewed Middle East attacks, Hormuz closure
SINGAPORE: The dollar jumped against most of its peers as a renewal of conflict in the Middle East fanned inflation fears and the prospect of rate hikes from central banks increased. Against the yen, the US dollar was up 0.1 percent at 161.92 yen. The euro weakened 0.1 percent to $1.1403 while the British pound slipped 0.1 percent to $1.3383. The Australian dollar was down 0.1 percent at $0.6942, while its kiwi counterpart slid 0.1 percent to $0.5757.
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economictimes.indiatimes.com
Fragile yen set for weekly decline as intervention risks mount
The yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a shadow over energy prices and global…
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channelnewsasia.com
Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices…
