Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
17
June
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By Sagar Dua - 124
United States of America. The U.S. dollar is declining against the yen but gaining value against the euro and the pound.
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By Sagar Dua
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During the morning session, the EUR/USD pair is developing the corrective impulse that began at the start of the week, trading at 1.1612: market activity remains moderate, as investors are awaiting the results of the U.S. Federal Reserve monetary policy meeting at 20:00 (GMT+2).
16
June
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By Sagar Dua
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United States of America. The U.S. dollar is gaining value against the euro, the pound, and the Australian dollar, but is losing ground against the yen.
15
June
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By Sagar Dua
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The leading index of the Frankfurt Stock Exchange, the DAX 40, is correcting around 25088.0 amid reports of de-escalation in the Middle East conflict. Thus, Pakistani Prime Minister Shehbaz Sharif stated that the United States and Iran had managed to agree on a draft peace agreement, which is expected to be finally signed on June 19 in Switzerland. Earlier, Reuters, citing its own sources, reported that the document also provides for the temporary lifting of oil sanctions and the unfreezing of Iranian assets worth 25.0 billion dollars through direct transfers, regional cooperation, and credit lines. The United States also undertakes to prepare a plan for the recovery of Iran’s economy and coordinate it with Tehran within 60 days. At the same time, Iranian Parliament Speaker Mohammad Bagher Ghalibaf, after Israeli strikes on the southern suburb of Beirut in the Dahiyeh district — an infrastructure facility of the Hezbollah movement — stressed that it was premature to discuss the continuation of negotiations with the United States.
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By Sagar Dua
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Shares of Bank of America Corp., one of the largest banks and analytical agencies in the United States, are trading within a corrective trend at 56.00.
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By Sagar Dua
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The euro is correcting near 1.1618 after last week’s upward dynamics, while investors analyze macroeconomic statistics and the results of the European Central Bank’s monetary policy meeting, during which monetary authorities indicated their readiness for further tightening amid growing inflation risks related to the prolonged Middle East crisis.
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By Sagar Dua
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United States of America. The U.S. dollar is declining against the euro and the pound but shows mixed dynamics against the yen.
12
June
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By Sagar Dua
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Shares of Meta Platforms Inc., the American multinational holding company that owns the technology conglomerate and the world’s largest social network, Facebook, are trading at 565.00.
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By Sagar Dua
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United States of America. The U.S. dollar is declining against the euro and the pound but strengthening against the yen.
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By Sagar Dua
- 163
The leading index of the London Stock Exchange, the FTSE 100, is showing downward dynamics, trading at 10329.0 amid the escalation of the Middle East conflict.
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By Sagar Dua
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USD/JPY is approaching 160.71 after the publication of strong U.S. economic data: in May, the consumer price index rose by 0.5% month-on-month and 4.2% year-on-year, while the core indicator increased by 0.2% and 2.9%, respectively. Nonfarm payrolls reached 172.0K, while the April figure was revised to 179.0K, and unemployment remained at 4.3%, demonstrating labor market stability. At the latest meeting, U.S. Federal Reserve officials kept the interest rate in the range of 3.50–3.75%, and markets assume that borrowing costs will not be adjusted until autumn. This supports the dollar, although the core producer price index published yesterday amounted to 4.9% year-on-year against the forecast of 5.4%, slightly reducing expectations of tighter monetary policy.
11
June
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By Sagar Dua
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EUR/USD is trading at 1.1545 ahead of the European Central Bank’s monetary policy decision today at 14:15 (GMT+2).
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