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Home/Briefs/foreign exchange

BriefApril 10, 2026 · 08:18 PM

Middle East conflict risk keeps US dollar safe-haven status over sterling

Sterling weakens as a risk-sensitive currency while the US dollar strengthens as a safe-haven asset. This shift occurs as investors move capital into bonds and yielding assets in anticipation of higher interest rates. The Federal Reserve hikes these rates to cool inflation, after the OECD revised US inflation forecasts upward to 4.2%. The inflationary pressure stems from global energy price increases, specifically as Brent crude oil reached $119 per barrel. These costs rose after Iran closed the Strait of Hormuz, a shipping lane through which 20% of the world's oil passes.

Finley Lawson

Foreign ExchangeGeopoliticsInflation

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