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U.S. dollar falls at 2-month lows ahead of key economic data

DXY-U.S. dollar index traded to a nearly two-month low of 102.50 on Thursday morning following two weeks of steep losses on the back of the recent collapse of several U.S. banks and the prospect of any pauses in the Fed’s rate hikes.

Brent jumps 5% on supply disruption from Kurdistan region in Iraq

Both Brent and WTI crude jumped over 5% to $78/b and $73/b respectively on Monday following news that the Turkish port of Ceyhan stopped pumping crude from Kurdistan via an oil pipeline following an arbitration ruling in favor of Iraq against Turkey for transporting Kurdish oil without prior approval from Baghdad

Crude oil trades to near a 15-month low as bank fears persist

Crude oil prices traded just above a 15-month low on Monday morning as market participants concern over more banking defaults around the world, following the worst banking crisis since the 2008 financial crisis

U.S. dollar retreats lower ahead of Fed rate hike decision

U.S. dollar falls across the board as investors have scaled back expectations for an aggressive 50-basis-point interest rate hike from the Federal Reserve at its March 22 monetary policy meeting following the recent turmoil in the banking and financial markets.

Gold rallies briefly above $2,000 on safety bets after banking uncertainty

Gold shines once again, as its price briefly topped the $2,000 key level on Monday morning for the first time since early March 2022, as the domino collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse fuelled worries of broader banking and financial instability and drove investors to the safety of the all-time haven yellow metal

WTI crude oil slips to $64/b on banking and recession fears

Crude oil contracts have started the new week with further declines following the banking crisis and the economic uncertainty, with the price of Brent crude falling as low as the $70/b support level, or down 2% on Monday morning, and the WTI crude sliding to the lows of $64/b for the first time since December 2021