The post Euro struggles above 1.1400 vs USD as Iran tensions support USD appeared on BitcoinEthereumNews.com.
The EUR/USD pair defends the 1.1400 mark during the Asian session on Wednesday, though it struggles to attract any meaningful buyers on the back of renewed US-Iran hostilities. Traders also seem hesitant and opt to wait for FOMC Minutes for more cues about the Federal Reserve’s (Fed) policy path before placing fresh directional bets. The US military launched unleashed a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation of tensions, which is seen underpinning the safe-haven US Dollar (USD) and acting as a headwind for the EUR/USD pair. Meanwhile, the US also moved to withdraw a key concession that allowed Iran to sell oil on international markets, triggering a sharp r
The post Swiss Franc weakens as US Dollar advances on renewing US-Iran tensions appeared on BitcoinEthereumNews.com.
USD/CHF extends its gains for the third successive day, trading around 0.8090 during the Asian hours on Wednesday. The pair appreciates as the Greenback receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. Reacting to recent US airstrikes, Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that the era of bullying and extortion has ended and insisted that Iran will not fold under pressure. Meanwhile, the country’s top joint military command denounced the attacks on southern Iran as blatant aggression, promising a crushing military response. Defiant over the strategic waterway, Tehran reaffirmed that it will block any US interference regarding the control and management
The escalation in US-Iran tensions could destabilize regional security and influence global markets, highlighting crypto's sensitivity to geopolitical events.
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The post Iran’s Parliament Speaker Ghalibaf: Accuses US of violating MoU appeared on BitcoinEthereumNews.com.
Iran’s top negotiator Mohammad Bagher Ghalibaf accuses the United States (US), through a post on X, formerly known as Twitter, of violating major terms of the memorandum of understanding (MoU) signed for a ceasefire in the Middle East. Iran’s Ghalibaf lists major US violations of MoU Major MOU Violations by the US: Violating Iranian adjustments in the Strait Persistent threats of further strikes. Reinstating oil sanctions. Attacks on southern Iran. Continued Zionist aggression on. Iran’s top negotiator Ghalibaf also warned that the nation won’t bow to the US stating, “The era of bullying and extortion is over. It leads nowhere. We don’t fold.” Also, a spokesperson from Iran’s top joint military command says the US army targeted parts of Southern Iran in ‘blatant aggression’ and warns that our armed forces will give ‘crushing response’ to US attacks. Iran’s military forces reite
Iran's aggressive shift may destabilize the region, heightening military and political volatility with global economic repercussions.
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The post United States Dollar Index holds above 101.00 following US strikes on Iran appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains for the second consecutive day and trading around 101.10 during the Asian session on Wednesday. The Greenback receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil tanker. The renewed hostility directly threatens a fragile, interim US-Iran peace pact, stoking fears of massive global energy disruptions as nervous shipping companies and local producers bypass the strategic waterway. However, the upside of the US Dollar could be restrained due to cooling rate-hike expectations, a shift triggered by last week’s weaker-than-expected Nonfarm Payrolls (NFP) data. Accord
Geopolitical tensions highlight crypto market volatility, underscoring the interconnectedness with traditional finance and potential systemic risks.
The post Iran shoots down US MQ-9 Reaper drone, Bitcoin drops below $73K as nearly $1B in crypto liquidations follow appeared first on Crypto Briefing.
The incident may lead to heightened geopolitical instability, impacting global markets and increasing the likelihood of airspace restrictions.
The post Iran shoots down US MQ-9 drone amid escalating tensions appeared first on Crypto Briefing.
The post Markets Wait on Fed Minutes: What to Expect from Today’s Release appeared on BitcoinEthereumNews.com.
The Federal Reserve releases the minutes from its June 16-17 policy meeting on Wednesday at 2 p.m. ET. Investors hoping for clarity on a September rate hike may come away with less than they expect. Chair Kevin Warsh withheld his own rate projection this cycle. He also issued a policy statement of just 130 words that dropped forward guidance entirely. That leaves the minutes as the only detailed record of the committee’s internal debate. A Committee Split Between Hawks and Doves The FOMC held rates steady at 3.50% to 3.75% on June 17. That marked the fourth consecutive hold. Nine of 18 FOMC policymakers penciled in at least one 2026 hike. Warsh declined to submit a projection of his own. The committee met before the Bureau of Labor Statistics released its June payrolls report. That report showed just 57,000 new jobs, the weakest reading in four months. Any hawkish language in
