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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The retreat of the US Dollar provided relief to global stocks during a calm trading session. As the Tuesday deadline for a US-Iran deal loomed, volatility remained high after Iran rejected peace terms. Market participants are awaiting US CPI data on Friday to assess the risk of imminent rate hikes. Following Iran's rejection of a ceasefire plan, WTI crude prices surged, putting pressure on stocks. With the ceasefire officially in effect, ecstatic flows into markets were observed.