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Forex Today: Flight-to-safety dominates markets as geopolitical tensions escalate
Here is what you need to know on Monday, August 5: Safe-haven flows dominate financial markets at the beginning of the week as investors react to the latest news surrounding the Israel-Iran conflict.Fxstreet
Aug 5, 2024
Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high
Investing.com-- Most Asian currencies moved in a tight range on Monday, taking little advantage of a softer dollar amid growing concerns over a slowdown in U.S. economic growth.The Japanese yen was anInvesting.com
Aug 5, 2024
USD/JPY Price Analysis: Sinks to five-month lows fueled by reignited US recession fears
The USD/JPY collapsed to a five-month low of 146.41 on Friday following the release of worse-than-expected US economic data that increased the odds for a Federal Reserve cut at the September meeting.
Fxstreet
Aug 2, 2024
Mexican Peso plummets over 1% daily and almost 4% weekly
The Mexican Peso weakened further throughout the week against the Greenback and hit a new yearly low of 19.22, as fears that the United States (US) economy might slow down further hurt the outlook of its largest partner, Mexico.
Fxstreet
Aug 2, 2024
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopes
The Pound Sterling rallied sharply against the US Dollar after recent economic data from the United States (US) sparked speculation that the US Federal Reserve might cut interest rates faster than expected.Fxstreet
Aug 2, 2024
