United States Dollar Index falls to three-week low amid signs of US-Iran war de-escalation

The post Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) trades 0.4% higher to near $60.22 during the European trading session on Friday. The white metal gains as the US Dollar (USD) continues to remain under pressure amid hopes that the restart of the war between the United States (US) and Iran won’t long last. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.17% lower to near 100.76. The DXY fell further during the day to near its three-week low at around 100.60. Technically, a lower US Dollar makes the Silver price a favorable risk-reward bet for investors. Earlier in the day, a US official confirmed that technical talks with Iran remained continued, despite President Donald Trump declaring that the memorandum of understanding (MoU) with Tehran is over. Late Wednesday, US President Trump said that he had a conversation wi

The post Bitcoin (BTC) Eyes Critical $64,700 Level as Traders Monitor Daily Close appeared on BitcoinEthereumNews.com. TLDR BTC recovered above the $63,000 mark with approximately 1.5% gains following Trump’s statement about Iran seeking negotiations Market participants are closely monitoring $64,700 as a critical daily closing threshold that could trigger a substantial relief rally Short position liquidations in the cryptocurrency market reached approximately $100 million over a 24-hour period Blockchain analytics reveal short-term holder losses matching patterns typically observed near historical cycle bottoms Large-scale holders accumulated 10,000 BTC during the current month, suggesting an accumulation period may be underway Bitcoin pushed back above the $63,000 threshold this Thursday following remarks from US President Donald Trump indicating that Iran is seeking diplomatic engagement. The leading cryptocurrency posted gains of roughly 1.5% during the trading session. Bitcoin (BT

The post Australian Dollar holds mid-0.6900s as weak USD meets Iran risks appeared on BitcoinEthereumNews.com. The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day. Against the backdrop of Wednesday’s less hawkish FOMC Minutes, hopes for diplomacy to ease tensions in the Middle East drag the safe-haven US Dollar (USD) to an over one-week low and act as a tailwind for the AUD/USD pair. US President Donald Trump told reporters on Thursday that Iran had called to make a deal with the US. Furthermore, a White House official signaled that the US is still committed to the memorandum of understanding with Iran as technical talks over Tehran’s nuclear program and the Strait of Hormuz continue. However, the geopolitical risk premium remains in play amid renewed fig

The post Indian Rupee gains further as US Dollar extends decline appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) extends Thursday’s recovery against the US Dollar (USD) in the opening session on Friday. The USD/INR pair falls further to near 95.22 as the US Dollar weakens as the restart of the war in the Middle East between the United States (US) and Iran won’t be prolonged. However, the Indian Rupee could show signs of weakness as oil prices remain higher. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near its three-week low of 100.60. The DXY extends its losing streak for the third trading day on Friday. US confirms technical talks with Iran are still on According to The Times of Israel, a US official has confirmed that technical talks with Iran remain ongoing, even as President Donald Trump has declared that the Memorandum of Understanding (MoU) with Tehran is over. Also, US President Trump

The post Bitcoin, XRP, DOGE Rise as US-Iran Technical Talks to Continue Despite Strikes appeared on BitcoinEthereumNews.com. Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) have recovered as technical talks between the US and Iran continue, according to a US official. This comes as Middle East tensions rise following two days of strikes that threatened to collapse an already fragile ceasefire, with President Trump saying the ceasefire is “over.” Technical Talks with Iran Will Proceed, Says US Official A US official confirmed that the US remains committed to a resolution and that technical talks with Iran will proceed, Bloomberg reported. These focus on issues including nuclear matters, the performance-based MOU, sanctions, and shipping in the Strait of Hormuz. As a result, Oil prices slipped lower, the US 10-year Treasury note eased to around 4.54%, and the US dollar index (DXY) fell toward 100.5 on Friday. This helped trigger a significant jump in Asian stock markets and crypt

The post Gold flatlines above $4,100 as soft USD meets Fed hike bets, Iran risk appeared on BitcoinEthereumNews.com. Gold (XAU/USD) reverses a modest Asian session dip to the $4,109-$4,108 region on Friday, though it lacks bullish conviction. The US Dollar (USD) selling remains unabated for the third consecutive day in the wake of Wednesday’s less hawkish FOMC Minutes and offers some support to the commodity. However, prospects of a US Federal Reserve (Fed) rate hike in 2026 remain active. This, along with geopolitical uncertainties, could limit USD losses, warranting some caution before positioning for an extension of the recovery from a one-week low set on Wednesday. The minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided over the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e

The post Polymarket odds for Hormuz traffic normalization slide to 62.5% on Gulf flare-up appeared on BitcoinEthereumNews.com. Rongchai Wang Jul 10, 2026 04:03 The U.S. military said it ended a new round of strikes in Iran after hitting about 90 targets, as Iran responded with attacks affecting U.S.-allied Gulf states. Polymarket odds for Hormuz traffic normalization slide to 62.5% on Gulf flare-up Polymarket Reprices Hormuz “Traffic Normal by Dec. 31” After U.S.-Iran Escalation On Polymarket, the “Strait of Hormuz traffic returns to normal by December 31?” contract now prices a 62.5% chance of “Yes,” down from 85.5% previously on $4,715,952 matched. The repricing follows fresh reports of intensifying U.S.-Iran fire across the Persian Gulf, and highlights how quickly traders discount year-end normalization risk. Key Takeaways Polymarket currently implies 62.5% “Yes” (37.5% “No”) that Strait of Hormuz traffic returns to normal by Dec. 31. The odds moved sharply lower (

The post Japanese Yen rallies vs USD amid looming intervention risks appeared on BitcoinEthereumNews.com. The USD/JPY pair meets with a heavy supply during the Asian session on Friday and weakens below the 162.00 mark as traders remain on high alert amid expectations of a potential government intervention to prop up the Japanese Yen (JPY). Furthermore, some follow-through US Dollar (USD) selling turns out to be another factor exerting downward pressure on spot prices for the second straight day. The USD Index (DXY), which tracks the Greenback against a basket of currencies, drops to a fresh weekly low in the wake of the less-hawkish FOMC Minutes, which revealed that policymakers were divided with regard to the direction of interest rates. That said, traders are still pricing in around a 65% chance that the US Federal Reserve (Fed) will raise borrowing costs in September. This, along with persistent geopolitical uncertainties, could limit deeper losses for the safe-haven buck and offer