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Oil gains and escalating Middle East tensions drove safe‑haven flows, pushing the dollar sharply higher on Wednesday. After increased attacks by Iran on vessels in the Strait of Hormuz, the dollar index DXY rose as much as 0.5% alongside oil and is t

2026-10-07

Oil gains and escalating Middle East tensions drove safe‑haven flows, pushing the dollar sharply higher on Wednesday. After increased attacks by Iran on vessels in the Strait of Hormuz, the dollar index DXY rose as much as 0.5% alongside oil and is trading close to its year‑to‑date high. Nearly all G10 currencies fell versus the dollar, with the euro weakest. XTB head of research Katherine Brooks said: "The dollar is acting as a countercyclical asset, attracting safe‑haven flows as other asset classes are sold off."

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2026-10-07

U.S. Secretary of State Rubio said the historic alliance between the United States and Greece are vital.

U.S. Secretary of State Rubio said the historic alliance between the United States and Greece are vital.
2026-10-07

Reuters reported that Micron Technology (MU.O)’s Taoyuan, Taiwan, union obtained strike authorization on the 7th. Union leaders said authorization does not equate to an immediate plant shutdown; whether or when a strike will be called remains undecid

Reuters reported that Micron Technology (MU.O)’s Taoyuan, Taiwan, union obtained strike authorization on the 7th. Union leaders said authorization does not equate to an immediate plant shutdown; whether or when a strike will be called remains undecided. The union will hold an international press conference this afternoon to outline next steps.
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