Middle East Ceasefire Leads to Sharp Drop in European Natural Gas Prices; Dollar Weakens Against Euro and Pound

According to AFP, European natural gas futures at the Dutch TTF trading hub, considered a European benchmark, fell to 42.5 euros per megawatt-hour, retreating from earlier highs driven by market concerns over potential disruptions to Persian Gulf supply due to war.

Around 6:10 AM GMT, the US dollar weakened amidst market volatility, a move typically seen in safe-haven assets. The Euro rose to $1.17 against the dollar, with the dollar falling about 1.1%. The dollar also fell about 0.9% against the British Pound, to $1.34 per Pound. (Compiled by Hong Pei-ying) 1150408 Keywords: Finance