Foreign Exchanges

Foreign Exchanges

FX Week in Review

The Fortnight in Review: July 25-August 7, 2026

Commercial traffic in the Red Sea is stalled by conflict, tens of thousands enter a Spanish enclave, and more

Ashley Gate
Aug 08, 2026
∙ Paid

In the last two weeks escalating conflict between Saudi Arabia and the Yemeni Houthi/Ansurallah movement halted commercial traffic in the Red Sea. Some 60,000 migrants entered the Spanish North African enclave of Ceuta. India’s Education Minister Dharmendra Pradhan resigned amid scandal. Over 20 Palestinian towns were raided by Israeli settlers and security forces. And Brazil’s government sought to clamp down on US-backed election interference.

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