The Euro (EUR) advances against the US Dollar (USD) on Monday, despite the market mood remaining downbeat amid the Middle East crisis. Worse than expected HCOB Flash PMIs in the Eurozone barely weighed in the shared currency, while German PMIs showed a slight improvement, though they remained in contractionary territory. At the time of writing, EUR/USD trades at 1.1567, up 0.40%. Geopolitics are the primary driver on Monday, as we head into the latest trading week in June. Last Saturday, the US delivered an attack on the three most critical nuclear facilities in Iran, following failed...
Gold fell as safe-haven demand waned after U.S. President Donald Trump announced that Israel and Iran had agreed to a ceasefire that would begin around midnight Monday in Washington. Bullion fell as much as 0.6% to below $3,350 an ounce in early Asian trade. Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran's nuclear facilities, said the deal was aimed at ending the fighting permanently. There was no immediate comment from Iran or Israel. Rising safe-haven demand as geopolitical tensions escalate has been one of the main catalysts...
The dollar fell on Tuesday while the Australian and New Zealand dollars rose after U.S. President Donald Trump announced a ceasefire between Israel and Iran, in news that cheered investors and sparked a risk rally across markets. Trump said a "complete and total" ceasefire between Israel and Iran would go into effect with the aim of ending the 12-day conflict between the two countries, moments after both sides threatened new attacks. An Iranian and Qatari official confirmed that Tehran had agreed to the ceasefire, while Israel's Channel 12 reported that Prime Minister Benjamin Netanyahu...