U.S. Central Command stated its forces are 'positioned and prepared' to ensure freedom of navigation in the Strait of Hormuz, countering Iran's recent claim to have closed the vital oil chokepoint.
The British pound is trading near its strongest level since mid-June as the U.S. dollar remains range-bound. Investors are awaiting minutes from the Federal Reserve's latest meeting for signals on future interest rate policy.
The Canadian dollar rose 0.2% against its U.S. counterpart, supported by a 5.2% surge in crude oil prices amid geopolitical tensions and increased bets on a Bank of Canada rate hike.
U.S. Treasury and German Bund yields remained elevated after a sharp selloff triggered by escalating U.S.-Iran conflict in the Middle East. The tensions have sparked a surge in oil prices, fueling investor concerns about a new wave of inflation.
A significant rally in Japanese stocks to the 4,500 level on the Topix index could push the U.S. dollar to ¥163 against the yen, according to a new research note from Citigroup.
The U.S. dollar weakened on Thursday as a drop in crude oil prices eased inflation concerns and minutes from the Federal Reserve's June meeting revealed a more divided outlook on interest rates than some investors had anticipated.
Citigroup strategists have adopted a short-term bearish outlook on the British pound, anticipating potential weakness after the expected appointment of Andy Burnham as Prime Minister later this month.
Cryptocurrency exchange Bybit announced its Private Wealth Management Bitcoin funds generated a 4.9% comprehensive annualized return over the past 60 days, as the firm broadens its suite of yield products for BTC holders.
Crypto payment gateway NOWPayments has introduced a new infrastructure for business payouts that uses email addresses instead of crypto wallets, a move the company claims eliminates network fees and reduces operational costs for mass payments.
