Global financial markets rallied on Thursday as optimism over a possible US-Iran peace deal boosted investor sentiment, sending Asian stocks to record highs while oil prices and the US dollar weakened. Read More: Oil rises as US–Iran deal stalls Asian equity markets surged, with Japan’s Nikkei index crossing the 62,000 mark for the first time after returning from […]
dollar index
Dollar holds firm as peace talks shape global currency direction
The US dollar remained steady on Wednesday as investors balanced geopolitical risks with expectations around future interest rate moves by the Federal Reserve. Market participants largely stayed cautious while waiting for the latest policy meeting minutes, which could offer clearer signals on possible rate cuts. Meanwhile, the Japanese yen held its ground after improved business […]
Yen Set for Steepest Weekly Drop in a Year as Rate Hike Hopes Fade
SINGAPORE – The Japanese yen steadied on Friday but was on track for its steepest weekly drop in a year, as fading hopes for a near-term rate hike weighed on the currency. Meanwhile, the euro hovered near two-month lows amid France’s deepening political crisis, boosting the U.S. dollar to a one-year high. The yen inched […]