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Forex cross rates provide investors with the latest news and introduction of exchange rates, as well as cross exchange rate tables.Investors can know the foreign exchange cross rates between dozens of currencies on the page of "Forex Cross Rate", most of which are the most popular currencies in the world, such as euro, U.S. dollar, Japanese yen, British pound, Swiss franc, Australian dollar, Canadian dollar, and New Zealand dollar. At the same time, investors will also get free access to the latest news and economic calendars of various currencies on the page of "Forex Cross Rate".
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Military and diplomatic analyst Alexandru Hudistianou said that the current struggle between the United States and Iran over the Strait of Hormuz is "not new", but there is a serious risk of further escalation. Although Iran has long interfered with maritime traffic in the Strait of Hormuz "tit for tat" and tried to exert influence on it, Hudistianou believes that the US-Israeli attack on Iran in February provided "Iran with excellent conditions to control the Strait of Hormuz. Iran is trying to use it as a power tool to impose pressure. It declares to the outside world that it has near-absolute control of the strait."He pointed out that the U.S. Navy is countering Iran's strategy and has successfully escorted many ships to pass safely through the southern side of the Strait of Hormuz, the so-called Oman route, and has responded to Iran's attacks on merchant ships. Iran launched widespread strikes along the coast in response. "However, it is clear that the current situation is unlikely to continue," Hudistianou added. "In my estimation, we are probably in one of the highest risk periods in the two or three months since the actual ceasefire in April. This escalating tough stance by both sides in pursuit of the best interests may tilt the situation toward a more active conflict stage, which has not yet stopped. "
Market news: EU ambassadors once again failed to agree on a new Russia sanctions package.
According to Iran's Mahr News Agency: Preliminary news said that Iran launched an attack on the US missile launch base in Kuwait.
Market news: British Prime Minister-elect Andy Burnham plans to expand the size of the autumn budget. British officials are considering unveiling a budget in October.
U.S. military: The Strait of Hormuz is open to all vessels seeking legal passage through the international waterway. U.S. forces are positioned and ready to ensure freedom of navigation is maintained.
According to a Wall Street Journal survey, the probability of a U.S. recession has dropped to 25%, down from 33% in April.
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