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EURUSD and GBPUSD Drop as US Dollar Surges on Middle East Conflict and Hawkish RBA Signals

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The Story

News Summary

  • The US dollar strengthened sharply as the Middle East conflict intensified, pushing EURUSD and GBPUSD lower.
  • Rising oil prices and inflation fears fueled dollar demand, while the Reserve Bank of Australia’s hawkish stance weighed on AUD.
  • Central bank decisions this week will be closely watched amid market uncertainty.
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EURUSD price history

1.16 +0.00% over the displayed period

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