Swiss Franc is having a significant surge today, likely due to flight to safe-haven assets amid rising tensions in the Middle East. Reports have emerged that Israeli military tanks were seen in central Rafah for the first time since the Israel Defense Forces entered the city earlier this month. This movement follows a recent missile strike by Israel on a displacement camp near Rafah, contributing to the heightened geopolitical uncertainty. In response to these developments, gold prices edges higher, reflecting increased investor caution. Concurrently, WTI crude oil prices are rebounding toward 80 per barrel, indicating a partial recovery amid the volatile geopolitical picture. Overall in the forex markets, New Zealand Dollar and Australian Dollar are also showing strength, trailing Swiss Franc. On the other hand, Dollar is the weakest performer today, followed by Canadian Dollar and Euro. Japanese Yen and British Pound are trading in a more neutral position... |