Israeli military intercepts missile launched from Yemen
During the Asian trade on Monday, the Israeli military stated a missile had been launched from Yemen towards Israeli territory, which has been intercepted by its aerial defense systems, The Guardian reported. Air raid sirens sound in Tel Aviv, following the attack from Yemen. The retaliatory attacks from Yemen, whose military force, the Houthis, are backed by Iran, reflect that conflicts in the Middle East have started again.
Earlier in the day, Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel.
Market reaction
No major action seen in the US Dollar (USD) following headlines from Israel; however, the US Dollar Index (DXY) trades firmly near 100.00 as of writing, the highest level seen in two months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Finance Minister Reiterates Concerns: Yen Undervaluation is a "Big Problem," Will Cooperate Closely with the US to Maintain Forex Market Stability
Japanese Finance Minister Masato KATAYAMA stated that the weakness of the yen remains an ongoing concern. Japan and the United States will continue to maintain close contact in order to seek orderly functioning of the foreign exchange market.
Gold bounces off eight-week low; not out of the woods amid rising Fed hike bets
The "Endgame" of De-globalization: A Historic Battle for Metals!
Consulting giant Bain sounds the alarm: The global AI industry needs to achieve $6 trillion in annual revenue to sustain the “cash burn” of data centers
Bain stated that by 2031, the global artificial intelligence (AI) industry needs to achieve annual revenue of $6 trillion in order to justify the massive capital investment currently being made in building data centers worldwide.
Crypto prices
More
