It seems that the US currency remains strong. I’ve noticed that the DXY index is still holding around 98.40. The market seems to be on edge about the ongoing Middle East situation, causing investors to avoid risk and flow into safe-haven assets like the US currency.



Looking at the movement of the EUR/USD pair, it is still weakening near 1.070, while GBP/USD has fallen to around 1.3540. The US dollar is really strong. USD/JPY is rising to 157.10 because money is flowing into safe-haven assets like this.

What’s interesting is that AUD/USD has dropped to 0.7170. The market is now waiting for the RBA’s interest rate decision. Although a 25 basis point rate hike is expected, political uncertainty and the strength of the US dollar are limiting the rise of the Australian dollar.

WTI oil prices are still high near 105 dollars per barrel, while gold is hard to gauge because it benefits from risk aversion, but the strengthening dollar has pushed the price down to 4,524 dollars.
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