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Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty
Global markets faced jitters as U.S.-Iran tensions escalated, impacting oil prices and the Strait of Hormuz. Despite peace talks, threats from President Trump and Tehran's actions cast a shadow. Meanwhile, the British pound weakened amid political uncertainty, and the Japanese yen neared a two-year low, with authorities watching currency movements closely. U.S. Treasury yields also climbed, signaling expectations of further interest rate hikes.
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economictimes.indiatimes.com
Yen nears 40-year low, dollar gains as peace talks in doubt
The US dollar is flexing its muscles against the Japanese yen, much to the attention of market traders. The potential for a US-Iran peace agreement looms large as Japan's currency…
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straitstimes.com
Stocks dip after US-Iran peace talks delay; yen nears 40-year lows
The dollar headed towards its strongest weekly gain in a month, mostly at the expense of the yen. Read more at straitstimes.com. Read more at straitstimes.com.
