Crude oil benchmarks fell despite fresh military exchanges between the U.S. and Iran, as investors focused on comments from President Trump suggesting Tehran is seeking a diplomatic resolution.
Gold prices fell for the week as escalating U.S.-Iran tensions pushed oil prices higher, fueling concerns that persistent inflation could keep Federal Reserve monetary policy tight.
Analysts at Citi project the Japanese yen could weaken to 163 per dollar if the Topix stock index surges to the 4,500 level, citing the historical link between strong equities and currency depreciation.
The Japanese yen strengthened significantly following reports that the government may encourage its massive pension fund to increase domestic investments. The U.S. dollar held steady, poised for a minor weekly gain as traders weigh inflation prospects against geopolitical risks.
The U.S. dollar gained on Tuesday as investors sought safety amid escalating geopolitical tensions in the Middle East following attacks on oil tankers and a subsequent U.S. response against Iran.
U.S. Treasury yields pushed higher on Tuesday as bond traders anticipated a hawkish tone in the upcoming minutes from the Federal Reserve's June meeting. European government bond yields also rose amid improving investor sentiment.
The British pound fell against the U.S. dollar as investors sought safety in the greenback amid Middle East tensions and positioned for hawkish signals from upcoming Federal Reserve minutes.
Valle Capital Token has announced a new platform on BNB Smart Chain to tokenize real-world assets from Brazil's agribusiness sector, aiming to improve transparency and financing for commodity exports.
The leading cryptocurrency staged a modest recovery to start the new quarter but faces significant headwinds from hawkish interest rate expectations and record outflows from U.S. spot ETFs.
