Iran launched retaliatory missile and drone attacks on U.S. military facilities in Kuwait, Qatar, Bahrain, and Jordan, ending a fragile ceasefire and renewing fears of wider disruption to global oil supplies.
The Japanese yen strengthened significantly after reports that Tokyo may encourage its massive government pension fund to increase domestic asset allocation, a potential new strategy to support the currency. The U.S. dollar held steady, poised for a slight weekly gain ahead of key inflation data.
Gold prices are on track for a weekly decline as rising oil prices, driven by escalating U.S.-Iran tensions, amplify concerns that the Federal Reserve will maintain a restrictive monetary policy to combat inflation.
UBS analysts project the EUR/NOK exchange rate will decline steadily through mid-2027, citing a supportive external environment and attractive carry despite recent headwinds from oil prices.
UBS recommends holding the New Zealand dollar and shorting the AUD/NZD pair after the Reserve Bank of New Zealand raised its key interest rate for the first time in three years.
The U.S. dollar gained ground on Tuesday as investors sought safety amid reports of attacks on oil tankers in the Middle East, shifting the market's focus from monetary policy to geopolitical risk.
The British pound weakened against a broadly stronger U.S. dollar, driven by safe-haven demand from geopolitical tensions, rising oil prices, and investor caution ahead of the Federal Reserve's meeting minutes.
The cryptocurrency exchange has launched its 'Fiat & Pay Summer Splash' event, running through July 15, to incentivize users to make fiat deposits and use its payment card services.
A new Bank of America report names South Korea and the United Arab Emirates as the strongest contenders in the global AI race, trailing only the dominant U.S. and China, citing their unique strengths in semiconductors, investment, and energy.
