The Currency analytics
By Jean-Luc Maracon
The dollar jumped hard Wednesday. Geopolitical tensions with Iran sent the greenback soaring to its highest level in five weeks as traders scrambled for safety amid reports of…
The euro got hammered, dropping 0.3% to $1.087 while the British pound slid even harder at 0.4% to $1.196.
The dollar index, which tracks the greenback against six major currencies, climbed 0.5% to 105.67 as forex traders braced for more volatility ahead.
Gold jumped 0.7% to $1,965 per ounce on Comex as investors grabbed safe-haven assets. European stocks got crushed too, with the pan-European STOXX 600 index falling 1.
Central banks are sitting tight for now.
The Federal Reserve is watching everything closely, and any major escalation could shift monetary policy decisions down the road. In Asia, the yen showed some strength, gaining 0.
U.S. Treasury yields jumped Wednesday, with the 10-year note hitting 3.91% as investors piled into government bonds.
The Swiss franc gained 0.1% against the dollar. Switzerland's currency always gets love during messy times like this.
European Central Bank chief Christine Lagarde is keeping close tabs on everything. An ECB spokesperson said March 2 the bank is ready to act if tensions slam the eurozone…
The Pentagon confirmed March 2 it's sending more naval assets to the Gulf region. Officials called it part of a broader maritime security strategy, but the announcement just…
Canada's dollar weakened 0.3% to 1.37 against the greenback. Bank of Canada Governor Tiff Macklem is staying cautious, watching for trade flow impacts but keeping quiet on any…
The New York Stock Exchange saw wild swings as the situation unfolded March 2. The Dow Jones dropped 0.
China's central bank issued a brief statement Wednesday expressing concern about Middle East tensions.
Corporate bonds took a beating, with investment-grade yields rising 0.2 percentage points as investors preferred government securities.
Russia's ruble weakened to 75.40 against the dollar by March 2. Central Bank Governor Elvira Nabiullina said the bank stands ready to support the currency if needed, but no…