The dollar surged to a three-month high against the euro as oil prices surpassed $100 a barrel, prompting investors to seek safety amid fears of disrupted global energy supplies. The ongoing conflict in the Middle East, coupled with Iran’s naming of a new Supreme Leader, intensified concerns about further supply disruptions and their impact on global growth and inflation.
US Fed chair Kevin Warsh tells G20 that past global savings glut is turning into investment surge
Federal Reserve Chairman Kevin Warsh highlighted a remarkable surge in global investments that is driving robust economic growth across the globe. The reversal of previous