The post Why is the Canadian Dollar falling despite higher oil prices? appeared on BitcoinEthereumNews.com.
USD/CAD inches higher after registering minor losses in the previous day, trading around 1.4200 during the Asian hours on Wednesday. Traders are closely watching Wednesday’s release of the Federal Reserve Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The USD/CAD pair advances as the US Dollar (USD) receives support from safe-haven demand amid renewed geopolitical tensions. However, the upside of the Greenback could be restrained due to cooling rate-hike expectations, a shift triggered by last week’s weaker-than-expected Nonfarm Payrolls (NFP) data. According to LSEG data, market pricing for total Fed rate increases by December has dropped to roughly 26 basis points, down significantly from the 38 basis points projected just a week ago. This shifting outlook is framed by recent commentary fr
The post AUD/USD Price Forecast: Hawkish remarks from RBA’s Hunter lift Australian Dollar appeared on BitcoinEthereumNews.com.
The Australian Dollar (AUD) trades 0.23% higher to near 0.6943 against the US Dollar (USD) during the Asian trading session on Wednesday. The Aussie pair gains as the Australian Dollar outperforms its major currency peers, except the New Zealand Dollar (NZD), with the Reserve Bank of Australia (RBA) keeping the door open for further monetary policy tightening, if needed, to bring inflation back to the central bank’s target. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.03% 0.15% -0.02% -0.21% -0.50% 0.03% EUR 0.03% 0.05% 0.17% -0.00% -0.18% -0.49% 0.05% GBP -0.03% -0.05% 0.13% -0.03% -0.25% -0.52% -0.03% JPY -0.15% -0.17% -0.13% -0.18% -0.34% -0.65% -0.15% CAD 0.0
Rising oil prices due to geopolitical tensions may exacerbate inflation, impacting global liquidity and delaying interest rate cuts, affecting Bitcoin.
The post Bitcoin under pressure as US-Iran tensions drive oil prices up 13% appeared first on Crypto Briefing.
Iran's new fees in the Strait of Hormuz could escalate oil prices, alter global trade dynamics, and deepen geopolitical divides.
The post Iran plans fees for ships in Strait of Hormuz, raising global concerns about oil prices and crypto payments appeared first on Crypto Briefing.
Rising oil prices due to geopolitical tensions may strain global economies, increase inflation, and impact energy-dependent industries.
The post Iran tensions, Strait of Hormuz delays push oil prices higher appeared first on Crypto Briefing.
The post Swiss Franc weakens as US Dollar advances on renewing US-Iran tensions appeared on BitcoinEthereumNews.com.
USD/CHF extends its gains for the third successive day, trading around 0.8090 during the Asian hours on Wednesday. The pair appreciates as the Greenback receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Reacting to recent US airstrikes, Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressure. Meanwhile, the country’s top joint military command denounced the attacks on southern Iran as blatant aggression, promising a crushing military response. Defiant over the strategic waterway, Tehran reaffirmed that it will block any US interference regarding the control and management
The post United States Dollar Index holds above 101.00 following US strikes on Iran appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains for the second consecutive day and trading around 101.10 during the Asian session on Wednesday. The Greenback receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. The renewed hostility directly threatens a fragile, interim US-Iran peace pact, stoking fears of massive global energy disruptions as nervous shipping companies and local producers bypass the strategic waterway. However, the upside of the US Dollar could be restrained due to cooling rate-hike expectations, a shift triggered by last week’s weaker-than-expected Nonfarm Payrolls (NFP) data. Accord
The post Markets Wait on Fed Minutes: What to Expect from Today’s Release appeared on BitcoinEthereumNews.com.
The Federal Reserve releases the minutes from its June 16-17 policy meeting on Wednesday at 2 p.m. ET. Investors hoping for clarity on a September rate hike may come away with less than they expect. Chair Kevin Warsh withheld his own rate projection this cycle. He also issued a policy statement of just 130 words that dropped forward guidance entirely. That leaves the minutes as the only detailed record of the committee’s internal debate. A Committee Split Between Hawks and Doves The FOMC held rates steady at 3.50% to 3.75% on June 17. That marked the fourth consecutive hold. Nine of 18 FOMC policymakers penciled in at least one 2026 hike. Warsh declined to submit a projection of his own. The committee met before the Bureau of Labor Statistics released its June payrolls report. That report showed just 57,000 new jobs, the weakest reading in four months. Any hawkish language in
Rising oil prices due to geopolitical tensions could strain India's economy, impacting inflation, currency stability, and corporate earnings.
The post Indian shares to open lower as US-Iran tensions drive oil prices up appeared first on Crypto Briefing.
