Goldman warns renewed tensions could disrupt Middle Eastern oil supplies

The post Indian Rupee rebounds, road ahead remains rough appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday. The USD/INR pair drops to near 95.44 as the US Dollar ticks lower; however, the outlook of the pair remains bullish as renewed Middle East hostilities have boosted oil prices. The higher oil prices narrative is unfavorable for the Indian Rupee, as currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform in a high-oil price environment. In the opening trade, the MCX Crude Oil contract expiring on July 20 holds onto Wednesday’s gains near Rs.7,115. The MCX Crude Oil contract has gained over 10% from its multi-month low of Rs. 6,505 posted last week. US-Iran MoU collapses On Wednesday, United States (US) President Donald Trump announced that the memorandum of understanding (MoU) signed with Iran, aimed at ending the Middle East war, is over, after the ex

The post Fed Blames AI Demand Boom for Rising US Inflation appeared on BitcoinEthereumNews.com. Federal Reserve officials were split last month on whether to increase interest rates or keep them steady, with many seeing accelerating demand for artificial intelligence as a driver of inflation, according to meeting minutes released on Wednesday. The minutes covered the first monetary policy meeting under Fed Chair Kevin Warsh. Many Federal Open Market Committee members said that “ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity,” according to the minutes.   AI-related inflationary pressure, colloquially known as “chipflation,” stems from the rising cost of semiconductors used by data centers. This surge in demand, along with data center competition for energy, has pushed up consumer prices for a wide range of electronic goods, devices and power, and may continue as AI demand increases. Higher inflation is g

Ongoing strong demand for AI infrastructure “would likely sustain upward pressure on prices for technology products and electricity,” Federal Reserve policymakers said.

The post China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected appeared on BitcoinEthereumNews.com. China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period. Chinese CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall. China’s Producer Price Index (PPI) rose 4.1% YoY in June, following a 3.9% increase in May. The data came in line with the market consensus. Market reaction to China’s CPI, PPI data The China-proxy Australian Dollar (AUD) edges slightly lower following the China’s CPI and PPI data. At the press time, the AUD/USD pair is down 0.01% on the day to trade at 0.6927. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (R

Rising interest rates in South Korea could dampen crypto enthusiasm, as higher returns on traditional savings reduce the appeal of volatile assets. The post Bank of Korea signals rate hikes as inflation overshoots, and Korea’s massive crypto market should pay attention appeared first on Crypto Briefing.

BOJ's potential rate hikes could disrupt global financial markets, impacting risk assets like Bitcoin due to changing capital flows. The post Bank of Japan may accelerate rate hikes to combat inflation, and Bitcoin holders should pay attention appeared first on Crypto Briefing.

The post Federal Reserve Flags Inflation Risks After June Rate Hold appeared on BitcoinEthereumNews.com. Federal Reserve policymakers signaled that inflation remains a major concern despite keeping interest rates unchanged during their June meeting. Fresh meeting minutes revealed that officials debated several policy paths as economic uncertainty continued.  Besides persistent tariff effects, policymakers identified strong artificial intelligence investment and geopolitical tensions in the Middle East as additional inflation drivers. Consequently, investors now await upcoming economic data because future interest rate decisions remain highly dependent on inflation trends and broader market conditions. Officials Weigh Different Policy Paths Chairman Kevin Warsh led his first policy meeting on June 16-17, where officials agreed to maintain the federal funds rate between 3.5% and 3.75%. However, members expressed different expectations for the remainder of 2026.  Many anticipated stable o

The post Trump Ends Iran Ceasefire as Stocks Fall and Oil Prices Jump appeared on BitcoinEthereumNews.com. Financial markets retreated after President Donald Trump declared the U.S.-Iran ceasefire had effectively ended, reigniting fears of a broader Middle East conflict. Investors quickly shifted toward safer assets as concerns over energy supplies resurfaced. Consequently, U.S. equities declined, oil prices climbed, and market volatility accelerated.  Around $500 billion in U.S. stock market value disappeared within hours as traders assessed the possibility of renewed military action. Besides, optimism surrounding recent diplomatic progress between Washington and Tehran faded as geopolitical risks returned to the forefront. Oil Supply Fears Drive Market Moves Trump also warned that the United States could severely damage Iran’s critical infrastructure during any future escalation. Additionally, he pointed to Kharg Island, Iran’s primary crude export terminal, after recent military ope