
Dollar Strengthens Amid Euro Selloff
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- Business & money
Plus: A new wave of attacks on vessels around the Strait of Hormuz is threatening a recovery in Middle Eastern oil exports. And the International Chamber of Commerce warns that shipping disruptions in the Strait of Hormuz could lead to a global food security crisis. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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B2 · Upper-intermediate
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I'm Luke Vargas for The Wall Street Journal.
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lower as investors flock to safety.
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Is this episode right for you?
B2 · Upper-intermediate
Comfortable if you already follow TV news
- 95% of the words are B1 or easier.
- 207 words a minute: natural, fairly fast speech.
- 30 harder words (B2 and up) in the whole episode.
Transcript
The opening of the episode. The whole transcript is in the player.
harder words (B2+)
Here is your morning brief for Monday, October 5th. I'm Luke Vargas for The Wall Street Journal. The dollar is close to an 18-month high against a basket of currencies, sending treasury yields lower as investors flock to safety.
That's as the euro is slipping, and stocks in France and Spain have sold off amid concerns over budgets and political unrest in both countries. This morning, Spain's Socialist Prime Minister Pedro Sanchez called snap elections amidst protests over high housing costs.
A similar political standoff in France last week over the country's budget pushed French yields higher, with other indebted countries like Spain and the UK also seeing their bonds sell off. A fresh wave of attacks on ships in the Strait of Hormuz is threatening to derail
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