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EURUSD Slides as Dollar Soars on Middle East Tensions and ECB Rate Hike Bets

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The Story

News Summary

  • The dollar is surging to a 10-month high amid Middle East tensions and safe-haven demand, pushing EURUSD down with ECB rate hike expectations supporting the euro.
  • The yen nears intervention levels as Japan threatens action, while commodity currencies weaken on rising oil prices.
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EURUSD price history

1.16 +0.00% over the displayed period

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