The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
Market sentiment shifted sharply on Thursday as geopolitical tensions and fragile trade negotiations drove investors toward safer currencies. The dollar weakened after the U.S. president announced plans to send letters to trade partners outlining new tariff rates, with the 90-day pause on “reciprocal” levies nearing its end next month.
This retreat of the dollar helped the euro climb to $1.1589 — its highest level since late 2021 — supported not only by rate expectations but also growing investor confidence in the eurozone’s economic stability. Safe-haven currencies also gained ground, with the Swiss franc and Japanese yen rising 0.8% and 0.6% respectively, after President Trump’s warnings about rising Middle East tensions and efforts to curb Iran’s nuclear ambitions fueled caution.
In Asia, the Chinese yuan edged up to 7.1818 per dollar, though its gains were capped by persistent U.S.-China friction.
Israel has launched a major military operation against Iran, sparking global alarm. Countries around the world are urging calm as fears grow that the Middle East could be pushed into a wider war.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
A Hezbollah official says the group will not act independently in response to Israeli strikes on Iran, expressing solidarity with Tehran but stopping short of direct retaliation.
The Lebanese government has firmly warned Hezbollah against participating in Iran’s retaliation against Israel, signaling a sharp rebuke of any unilateral military action by the group.
The IAEA has confirmed there was no increase in radiation levels at Iran’s Natanz nuclear facility following Israeli strikes, easing immediate fears of a nuclear incident.
Israel’s targeted airstrikes across Iran on Friday have resulted in the deaths of high-ranking commanders and senior nuclear scientists, dealing a major blow to Iran’s military leadership and technical expertise.
Israel has launched a major military operation against Iran, sparking global alarm. Countries around the world are urging calm as fears grow that the Middle East could be pushed into a wider war.
The Air Astana Group informs passengers of changes to certain scheduled and charter flight routes due to the closure of Iranian and Iraqi airspace, the airline said in a statement.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
A Hezbollah official says the group will not act independently in response to Israeli strikes on Iran, expressing solidarity with Tehran but stopping short of direct retaliation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
A delegation from the EBRD’s Board of Directors will visit Kazakhstan from 16 to 20 June 2025
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
Israel’s targeted airstrikes across Iran on Friday have resulted in the deaths of high-ranking commanders and senior nuclear scientists, dealing a major blow to Iran’s military leadership and technical expertise.
Israel has launched a major military operation against Iran, sparking global alarm. Countries around the world are urging calm as fears grow that the Middle East could be pushed into a wider war.
The Air Astana Group informs passengers of changes to certain scheduled and charter flight routes due to the closure of Iranian and Iraqi airspace, the airline said in a statement.
U.S. President Donald Trump has urged Iran to reach a deal on its nuclear program, warning that more violence could follow after Israel’s latest strikes on Iranian targets.
A Hezbollah official says the group will not act independently in response to Israeli strikes on Iran, expressing solidarity with Tehran but stopping short of direct retaliation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment