The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InWTI crude oil remains supported above $102 per barrel following reports of a two-week ceasefire agreement between the United States and Iran. This geopolitical shift has decreased demand for safe-haven assets, allowing AUD/USD to extend its gains as risk appetite returns to the market. European currencies also posted solid gains due to a reallocation of capital flows toward risk-sensitive instruments, pressuring the US Dollar Index (DXY) down to 98.20. Consequently, EUR/USD has managed to consolidate its position above the 1.1750 breakout zone. While market participants monitor the sustainability of this ceasefire, attention remains on Federal Reserve policy cues and resistance levels for GBP/JPY. Despite the greenback facing intensified pressure, investors continue to weigh geopolitical developments against long-term interest rate expectations.