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Oil nears $96 and the dollar hits a two-week high as U.S.-Iran fighting deepens the bond selloff. tinyurl.com/bdedttvd A dovish RBNZ hike pressures NZD/USD before ADP data. #Forex #NZDUSD #USDJPY #Oil #Gold #KOSPI #Nikkei #LMFX https://t.co/F3DUPu0rkt
Tensions between the United States and Iran flared again this week. American forces carried out fresh strikes on Iranian targets and Iran responded with missiles and drones, while concerns grew over possible disruptions to shipping through the Strait of Hormuz, a route that carries a large share of global oil. Oil reacted fast, and Brent climbed to $96.59 a barrel, up more than 2% on the session. Higher crude raises the risk of stronger inflation, which pushed bond yields higher and lifted the market implied odds of a Federal Reserve rate hike at the September 15-16 meeting to around 65-66%. Equity markets in the United States and Asia sold off alongside crypto bitcoin:native as investors priced in the higher inflation and rate risk.
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S-Iran tensions sent Brent north of US$95 and Treasury yields to 4.8%. Here's what's moving markets today: #FPMarkets #Markets #Oil #Bonds https://t.co/30AZPGGJnL
The euro weakened as Eurozone Aug Core CPI fell to 2.4%, easing rate expectations. EURUSD broke 1.1585 after retesting EMA24. The price stays below diverging EMAs, signaling a downtrend shift. Breaking below 1.1570 may push EURUSD toward the next support at 1.1560. https://t.co/OLv5l6DMJA
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