Dollar on track for second weekly rise; euro, yen at multi-month lows

Business

March 13 : The U.S. dollar was on course for a second consecutive weekly gain on Friday as the war in the Middle East drove investors towards safe-haven assets, while energy-sensitive currencies such as the euro and yen slid to multi-month lows. A sharp and prolonged rise in oil prices would severely hurt the economies of Japan and the euro area, which are heavily reliant on crude imports, while the United States would be relatively insulated, having been a net crude exporter for almost a

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