NY foreign exchange market = dollar rises, profit falls due to decline in profit due to geopolitical tension
The dollar rose in the New York foreign exchange market. In response to heightened geopolitical tension, the interest of investing in dollars as safe assets increased. Meanwhile, the pound depreciated in response to the Bank of England (central bank) cutting interest rates for the first time in 4 years and 5 months.
Concerns about retaliatory attacks against Israel and the spread of the Middle East conflict have intensified in response to the assassination of Supreme Leader Ismail Haniya of the Islamic Organization Hamas that occurred this week.
Concerns about retaliatory attacks against Israel and the spread of the Middle East conflict have intensified in response to the assassination of Supreme Leader Ismail Haniya of the Islamic Organization Hamas that occurred this week.
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