US EditionNZ Dollar Rises, US Slips in Broad Risk Rally After Trump Announces Israel-Iran Ceasefire
- U.S. President Donald Trump declared that a full ceasefire between Israel and Iran would take effect, bringing an end to the 12-day aerial conflict as of Tuesday.
- The ceasefire followed Iran's missile attack on a U.S. base in Qatar and escalating tensions, which raised concerns over regional oil shipment risks.
- The announcement of a ceasefire sparked a risk-on rally that led to a decline in the U.S. dollar, with both the Australian and New Zealand currencies gaining in response to improved market sentiment.
- Fed Vice Chair Michelle Bowman expressed support for possible interest rate cuts if inflation stays contained, adding dovish pressure on the dollar and gold price.
- Gold prices fell over 1% to near $3,320 due to reduced safe-haven demand after the ceasefire, though its long-term price depends on U.S. dollar movements and Fed policy.
16 Articles
16 Articles
The US dollar suffered a setback this Tuesday, at the same time that the currencies of Australia and New Zealand saw a surge.According to the original report, this movement in the money market came after President Donald Trump announced a ceasefire between Israel and Iran.This news brought an air of relief to investors, generating a wave of enthusiasm in the risk markets.Cease fire between Israel and IranThe ceasefire, described as "full and tot…
Peso rebounds on Israel-Iran ceasefire - BusinessWorld Online
THE PESO rebounded against the greenback on Tuesday after Iran and Israel agreed to a ceasefire after exchanging attacks for 12 days. The local unit closed at P57.16 per dollar, surging by 42 centavos from its P57.58 finish on Monday, Bankers Association of the Philippines data showed. The peso opened Tuesday’s session stronger at P57.20 against the dollar. Its intraday best was at P56.835, while its worst showing was at P57.21 versus the greenb…
Dollar falls in broad risk rally, Trump declares Iran ceasefire
The dollar fell on Tuesday while the Australian and New Zealand dollars rose after U.S. President Donald Trump announced a ceasefire between Israel and Iran, in news that sent investors cheering and sparked a risk rally across markets. Trump said that a "complete and total" ceasefire between Israel and Iran will go into force with a view to ending the 12-day conflict between the two nations, moments after both sides threatened new attacks. An Ir…
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