 |
|
|
|
|
|
 |
|
|
|
| Middle East conflict hurts euro and yen |
| Tokio, 03.03.2026 |
|
| The euro and yen continued to face pressure on Tuesday morning as the escalating conflict in the Middle East focused attention on countries dependent on energy imports and how central banks might respond to inflationary pressures. The dollar benefited from demand for safe assets. TASR reports this based on a report by Reuters.
Japanese Finance Minister Satsuki Katayama indicated that currency market intervention remained an option to defend the yen. The European Central Bank's chief economist Philip Lane told the Financial Times that a prolonged war could cause a significant increase in inflation in the euro zone due to rising energy prices and a sharp decline in output.
The yen was essentially flat against the US currency at 157.4 JPY per dollar after falling 0.8% on Monday. The euro fell 0.21% to 1.1662 USD per euro after weakening 1.1% during the previous trading day. The dollar index, which measures the greenback against a basket of currencies, rose 0.25 percent to 98.76, its strongest since Jan. 22.
“I think the first instinct when there’s a conflict is to flee to safety,” said Serene Chen of J.P. Morgan. “As a result, we see gold rallying, we see people buying dollars, buying U.S. Treasuries,” she added. Concerns that the U.S. Federal Reserve will delay further rate cuts due to higher inflation also helped the dollar.
odkaz na stránku |
|
|
|
|
|
|
|
|
|
|
|
|
Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
|
|
