The financial markets’ reaction to intensifying US-Iran tensions has revealed a sharp erosion of the US dollar’s safe haven status, as investors...
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- FINANCIALMIRROR.COM - A La Une - Hier 10:37
Dollar losing its shine amid rising US-Iran tensions
The financial markets’ reaction to intensifying US-Iran tensions has revealed a sharp erosion of the US dollar’s safe haven status, as investors eye Tehran’s next move, warned Nigel Green, CEO of leading financial advisory deVere Group. In the wake of targeted US strikes on Iranian nuclear sites and a risk of further escalation in the region, the dollar firmed only modestly, with the muted response suggesting the greenback is no longer the automatic refuge it once was. “We’re witnessing a moment of reckoning for the dollar’s reputation as the ultimate safe haven,” said Green. “The market’s restrained response, even amid a
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