Nighttime Attacks Spark Market Movement: Euro Hits New Record and Oil Prices Surge

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Euro Reaches Historic Highs Amidst Regional Tensions

The euro experienced a remarkable surge, reaching an unprecedented peak of 45.3043 against the Turkish lira in the early hours yesterday. This surge reflects increased investor anxiety and heightened demand for the euro as geopolitical tensions escalate. Today, the euro opened at approximately 45.53 lira, signaling continued volatility in the foreign exchange markets.

Dollar Stability in Uncertain Times

The US dollar, which had maintained a relatively stable position over recent weeks, exhibited minimal fluctuations following recent regional developments. Yesterday, the dollar was traded at 39.1728 TL. As of this morning, it is trading at around 39.43 lira, indicating a slight uptick but overall stability amidst the ongoing tension.

Oil Prices Surge Amid Rising Geopolitical Risks

Oil markets responded dramatically to the news of Israel’s attack on Iran, with prices soaring over 7%. The benchmark Brent crude oil price climbed to 74.49 dollars per barrel, reflecting increased concerns about supply disruptions. Simultaneously, West Texas Intermediate (WTI) crude oil saw a significant increase of 7.86%, reaching 73.39 dollars per barrel. These price movements highlight the market’s sensitivity to geopolitical conflicts and the potential impact on global energy supplies.

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