Escalating US-Iran tensions threaten global oil supply stability, potentially driving inflation and impacting monetary policy and risk assets.
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The NZD/USD pair attracts some sellers to around 0.5885 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) as a fresh exchange of airstrikes between the United States (US) and Iran dented hopes for a peace deal. The US military launched new strikes overnight in Iran targeting a military site and shooting down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, Reuters reported on Wednesday. Deputy Secretary of Iran’s Supreme National Security Council, Ali Bagheri Kani, said that Iran is seeking the release of all of the country’s funds by the US and this is the legal right of Iran, adding that the assets belong to Iranians and must be returned “fully and unconditionally.” The Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (
The crypto market remained under pressure on Thursday as renewed military tensions between the United States and Iran triggered another sharp wave of liquidations and ETF outflows. According to data from CoinGecko, the total cryptocurrency market capitalization fell roughly 4%…
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The British Pound claws back half of its early losses and rebounds to near 1.3400 against the US Dollar (USD) during the European trading session on Thursday from the intraday low of 1.3367. The recovery move in the GBP/USD pair appears to be short-lived as Middle East conflicts have re-escalated. At press time, S&P 500 futures and Asian stock markets have also recovered significantly. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, retreats from its intraday high of 99.54, but is still 0.18% higher to near 99.40. A slight correction in the WTI Oil price has also been observed from the day’s high of $91.17 to near $90.14. Geopolitical tensions in the Gulf region have been reignited due to the exchange of attacks between the United States (US) and Iran. Earlier in the day, Iran’s Islamic Revolutionary Guard Corps (IR
The escalation in military actions heightens geopolitical tensions, impacting global oil markets and influencing central bank policies.
The post Iran targets US airbase after Trump dismisses Hormuz deal report appeared first on Crypto Briefing.
The shift in investment strategies by global family offices may signal a long-term trend towards diversification and reduced US market reliance.
The post UBS family office clients are quietly pulling money out of the US appeared first on Crypto Briefing.
Geopolitical tensions highlight vulnerabilities in global markets, impacting oil and crypto, while boosting interest in decentralized finance.
The post Oil prices surge over 2% as Iran and US trade air strikes, sending shockwaves through crypto markets appeared first on Crypto Briefing.
US sanctions on Iran's Strait of Hormuz authority heighten geopolitical risks, potentially destabilizing global energy markets and diplomacy.
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The post US Dollar: Data focus and Fed expectations – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of US data, including the second estimate of first-quarter GDP and key PCE inflation readings. With FOMC rhetoric turning more hawkish, he stresses that solid growth and stronger PCE are needed to sustain current US rate hike expectations and support the US Dollar. US data and Fed rhetoric in focus “If no significant progress is made in today’s negotiations either, the market will likely focus this afternoon on the series of US data set to be released.” “Admittedly, it is ‘only’ the second estimate of US growth in the first quarter, and the PCE index can usually be estimated quite well from the already released inflation and producer price figures.” “However, given that statements from FOMC members have become increasingly hawkish in recent days and weeks – which is
