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EURUSD and GBPUSD Soar as Middle East Conflict Spurs ECB and BoE Rate Hike Bets

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The Story

News Summary

  • Middle East conflict drives higher energy prices, prompting global central banks to tighten policy while the Fed remains cautious, boosting euro, yen, and sterling versus the dollar in the short term.
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EURUSD price history

1.16 +0.00% over the displayed period

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