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European debt extended in 5-week decline on rate hikes and surging oil prices

The US has made progress in reopening the Strait of Hormuz, but the Iran war is far from over

Gold edges higher on weaker dollar, US inflation data in focus

European Central Bank set to hike interest rates in September amid inflation, energy risks

Escalating Middle East energy shocks, global central bank tightening, and a surging Japanese Yen dominate shifting financial markets.

Dollar Posts Weekly Gain as Impact of Yen Intervention Fades and Interest Rate Expectations Soften