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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe US Dollar Index (DXY) stabilized at 98.16 as market sentiment shifted following the announcement of an extended ceasefire between the United States and Iran. This diplomatic breakthrough caused the EUR/USD pair to soften toward the 1.1750 level, as news of de-escalation tempered the volatility sparked by the Strait of Hormuz closure. Meanwhile, GBP/USD traded at 1.34815 and USD/JPY rose to 159.5755, reflecting broader dollar strength. Gold prices (XAUUSD) remained under pressure at $4,780. Investors are now weighing the impact of oil supply disruptions against the potential for a lasting diplomatic resolution ahead of the upcoming FED hearing.