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08:07
ING: The blockade of the Strait of Hormuz remains the deadlock of the foreign exchange market
```htmlGolden Ten Data reported on March 31 that Chris Turner of ING stated that after The Wall Street Journal reported that Trump is willing to halt U.S. attacks on Iran, the euro's gains against the dollar may be limited. In his report, he pointed out that if there is further news of de-escalation from Washington, the euro may see a modest rise. In addition, if the subsequent U.S. consumer confidence data turn out to be weak, it could push the euro up to 1.1550. However, Turner believes that until energy can freely flow through the Strait of Hormuz again, investors may not have the confidence to bet on a stronger euro.```
08:04
Swiss National Bank adjusts balance sheet, determined to prevent excessive currency strength
Golden Ten Data reported on March 31 that the Swiss National Bank sold a small amount of foreign currency at the end of last year, slightly shrinking its balance sheet while risking a stronger franc. The Swiss National Bank stated on Tuesday that it reduced its foreign exchange reserves by 6 million Swiss francs (approximately 7.5 million US dollars) in the fourth quarter. According to the institution's full-year statistics, the size of its balance sheet remained virtually unchanged. As investors looked for safe havens to hedge against the impact of the Iran war, the franc surged to a ten-year high this month. The Swiss National Bank previously indicated that it would reinforce its determination to curb excessive appreciation of the franc through intervention measures.
08:02
Malaysian Minister of Transport: Malaysian oil tankers are not required to pay transit fees for the Strait of Hormuz
According to Golden Ten Data on March 31, Malaysian Transport Minister Anthony Loke stated that Malaysian oil tankers permitted to pass through the Strait of Hormuz will not be required to pay the transit fees levied by Iran. Loke said at an event on Tuesday: “We are a friendly party and maintain good diplomatic relations with the Iranian government.” Last Saturday, Malaysia's Foreign Minister said Iran had approved seven Malaysian oil tankers to cross the Strait of Hormuz, which has become a conflict hotspot in the Middle East war. The Malaysian vessels currently detained in this key waterway include ships belonging to energy giant Petronas, shipping company MISC, and Sapura Energy.
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