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US Dollar Strengthens on Middle East Energy Conflict and Fed Hawkish Tone, EURUSD Reacts

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The Story

News Summary

  • Rising Middle East tensions and hawkish Fed comments propel oil prices higher and strengthen the US dollar, increasing stagflation risks and suppressing expectations for further rate cuts in 2023.
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EURUSD price history

1.16 +0.00% over the displayed period

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