Dollar Reaches New Highs Amid Market Sentiment Deterioration
The US dollar continued its upward trajectory on Wednesday, reaching new highs as global markets experienced a sharp deterioration in sentiment.
The rise of the dollar was accompanied by a decline in major currencies, with the EURUSD pair falling below 1.14 and losing over 0.5% of its value.
In contrast to the strengthening dollar, crude oil prices rebounded, increasing by over 3%, while LNG prices also rose.