Currency finance volatility hit a 3-week high as geopolitical tensions spurred demand for USD. However, US equity indices managed modest gains, with defensive sectors outperforming. Asset managers suggest a shift toward dividend-paying stocks as a hedge against forex risk. According to that news outlet, Lake Urmia, which was once one of the world's largest saltwater lakes, has been reduced to a salty marsh that is on the verge of drying up. Foreign investors have indeed responded — by selling American stocks and bonds, which has pushed the dollar sharply lower. That's because when a foreign investors dump shares in a company for example, they then effectively sell the dollar and convert it back to their home currency.
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