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☑️ CURRENCIES TREAD WATER AS MIDDLE EAST RISKS TEMPER RATE CUT OPTIMISM Geopolitical risks kept early currency moves subdued, though fears of an escalating conflict following Israel and Hezbollah’s major missile exchange over the weekend petered out. The yen was last 0.2% lower at per dollar, giving up some of its safe haven gains from the previous session which saw it rise to a three-week high of per dollar. The euro and sterling dipped slightly to $ and $, respectively, though both weren’t far from their recent multi-month highs. Source: Reuters ☑️ OIL PAUSES GAINS AFTER SURGING ON LIBYAN OUTAGES, MIDDLE EAST TENSION Oil prices paused recent advances to trade in a range on Tuesday, after a surge of more than 7% in the previous three sessions, on supply concerns prompted by fears of a wider Middle East conflict and the potential shutdown of Libyan oil fields. Brent crude futures was up 3 cents at $ a barrel by 06
