Illustrative photo: AFP
Since the start of the Israeli-U.S. attack on Iran on Feb. 28, the dollar has strengthened on the markets, rising by nearly 2 percent on average against the euro, the yen and the pound, as well as by between 1 and 3 percent against several emerging market currencies (like the Mexican peso, South Korean won, Indian rupee, etc.).As war heightens risk aversion, especially in a conflict with direct implications for global trade and energy supply, investors are turning back to some of the most liquid, deepest, and safest assets such as U.S. Treasury bonds. All the more so as these instruments offer a level of liquidity that few other markets can match at such scale.A second driver reinforced this trend, this time monetary. Did you miss this focus piece? Prospect of 'staff-level agreement' between Lebanon, IMF is fading The Federal...
Since the start of the Israeli-U.S. attack on Iran on Feb. 28, the dollar has strengthened on the markets, rising by nearly 2 percent on average against the euro, the yen and the pound, as well as by between 1 and 3 percent against several emerging market currencies (like the Mexican peso, South Korean won, Indian rupee, etc.).As war heightens risk aversion, especially in a conflict with direct implications for global trade and energy supply, investors are turning back to some of the most liquid, deepest, and safest assets such as U.S. Treasury bonds. All the more so as these instruments offer a level of liquidity that few other markets can match at such scale.A second driver reinforced this trend, this time monetary. Did you miss this focus piece? Prospect of 'staff-level agreement' between Lebanon, IMF is fading The Federal...
'American sponsorship is a guarantee,' says Lebanese-American coordination committee