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USD Soars as Middle East Conflict Spurs Euro and Pound to Sharp Monthly Declines

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The Story

News Summary

  • The US dollar surged to its strongest monthly performance since July amid Middle East conflict-driven oil price spikes, pushing EURUSD and GBPUSD down over 2%.
  • Yen remains weak despite intervention threats, while broader Asian currencies tumble due to global recession fears and energy market shocks.
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EURUSD price history

1.16 +0.00% over the displayed period

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