The sharp rate increase sparked a rally for the Turkish lira, which appreciated as much as 2%.
The issuance of US bonds and the high demand total $38 billion. Smotrich: "A vote of confidence from investors in the Israeli economy."
Rising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for US Treasuries.
The rate was set at 3.861 after the dollar gained strength globally.
With its latest decline, the ruble is worth only one US cent. That seems humiliating for the great power that Putin deems Russia to be.
"The greatest near-term danger to the dollar's position stems from the risk of confidence-sapping policy mistakes by the US authorities themselves," Moody analysts wrote.
Despite conducting fewer transactions in US dollars, the American currency still presides over the region’s international markets.
You could take a European grand tour or girls' weekend in Miami for less.
A weekly selection of opinions and analyses from the Arab media around the world.
Iranian media reported that Moscow expressed readiness to invest in Iran's steel, oil and petrochemical industries.
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