Safe-haven demand pushed the US dollar towards its strongest monthly advance since July, as investors sought liquidity and relative shelter from a...
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Maroc - WN.COM - Mideast - 06/Mar 17:30
Investors have piled into dollars this week amid the turmoil in the Middle East, a reminder that the ongoing transition away from a dollar-centric financial universe towards a more fractured, multi-polar world could be very rocky. The war now spreading across the region following the joint US-Israeli assault on Iran on Saturday is lifting the dollar's value, as investors seek the relative safety of the world's most liquid asset. Equity indices that were major outperformers in the first two months of the year are tanking: South Korea's KOSPI - which soared 50% through February - has lost nearly 20% in two days. Redemptions from private credit funds are soaring, the dollar spiked as much...
Safe-haven demand pushed the US dollar towards its strongest monthly advance since July, as investors sought liquidity and relative shelter from a...
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