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Global Markets Brace for More Volatility Amid Israel Conflict
Demand for haven assets remained in abeyance as the trading week began in Asia with the US and its allies attempting to contain the Israel-Hamas war. The New Zealand dollar advanced after voters elected a new government. The prospect of wild price swings continued to dog investors though, after Friday’s surges in crude oil, gold and the Swiss franc vs the euro. The US dollar and Japan’s yen — other traditional refuges in times of turmoil — remain subdued, along with risk-sensitive currencies including the Australian dollar. The US government bond market, also a haven asset, had a tumultuous week in which ... (full story)