UBS On-Air: Paul Donovan Daily Audio 'Conflict fears push up oil prices'

Hamas’ attacks in Israel weakened the shekel and increased oil prices. The Bank of Israel pledged to intervene in the foreign exchange markets and provide dollar liquidity to domestic banks. There is little sign of a broad safe-haven bid for the dollar, at this stage. Investors’ concerns about an escalation of the conflict to include Iran have prompted oil price moves.