💨 Abstract

The dollar strengthened on Wednesday due to increased buying of safe assets amid concerns about a widening conflict in the Middle East following an Iranian missile attack on Israel. The euro dropped below $1.10, while the yen and Swiss franc remained steady. The New Zealand dollar fell 1.1%, and oil prices rose 2.5%. The U.S. dollar index also rose due to a stronger-than-expected reading on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖