The UK Maritime Trade Operations (UKMTO) said on Monday that a tanker sailing southeast through the Arabian Gulf was struck by two unidentified projectiles approximately 72 nautical miles east of Ras Al Khafji, Saudi Arabia, Reuters reported.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the post-FOMC retracement slide for the third straight day, dropping to the lower end of its weekly range on Friday.
Norman Liebke at Commerzbank notes the ECB delivered a widely expected pause, while Christine Lagarde signalled that another rate hike in December remains possible and largely priced in. The Euro’s path beyond December will hinge on energy prices and potential second-round effects on wages and inflation expectations. Higher bond yields already tighten financing conditions, limiting scope for an extended hiking cycle.