The euro retreated against major currencies on Wednesday, pressured by a confluence of factors including escalating geopolitical tensions, a batch of mixed economic data from the Eurozone, and a sharp uptick in global oil prices.
The precious metal, which had rallied in recent weeks on safe-haven demand, gave back gains as geopolitical tensions appeared to ease, at least temporarily ...Beyond the geopolitical headline, ...
Geopolitical Crosscurrents... Historically, periods of geopolitical instability have supported the dollar as a global reserve currency, but the lack of clarity is keeping gains in check ... geopolitical risk ...
dollar on Tuesday, trading above the 1.1600 mark, though upside remained limited as escalating geopolitical tensions in the Middle East weighed on risk sentiment ... Geopolitical Risks and Market Sentiment.