New hostilities in the Gulf shook the dollar, sterling gained stability

In July, the euro was under pressure from some modest signals from the European Central Bank. Later, signals from the ECB took on a more cautious tone, and the single currency was pressured by weak Eurozone inflation and European energy security concerns. Now, the focus is on the upcoming...

The dollar was shaken due to new hostilities in the Gulf. The sterling gained stability as political risks in the UK decreased. The exchange rate between the euro and the dollar fell from $1.14 to $1.13. The exchange rate between the euro and the dollar also fell from £0.86 to £0.85.

Economists are closely following upcoming economic data and political developments.