Iraq agrees to halt US dollar flows to Iran-backed militias: WSJ

The resumed dollar shipments may stabilize Iraq's economy temporarily, but unresolved enforcement details could impact regional financial dynamics. The post Iraq agrees to limit dollar flows to Iran-linked groups as US resumes currency shipments appeared first on Crypto Briefing.

Iraq's compliance may ease U.S. financial tensions temporarily, but regional instability and geopolitical complexities persist. The post Iraq limits dollar flow to Iran-linked groups, US resumes currency shipments appeared first on Crypto Briefing.

The post EUR/USD Price Forecast: Bears retain control within descending channel appeared on BitcoinEthereumNews.com. EUR/USD holds firm on Wednesday after reversing earlier losses triggered by renewed tensions between the United States (US) and Iran, while traders digest the June Federal Open Market Committee (FOMC) meeting minutes. At the time of writing, the pair is trading around 1.1427 after hitting an intraday low of 1.1391. The US Dollar (USD) saw little immediate reaction to the minutes, suggesting much of the Federal Reserve’s (Fed) message was already reflected in market pricing. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.97, easing from an intraday high of 101.27. Officials remained cautious about inflation, which remains well above the central bank’s 2% target, while describing labor market conditions as balanced. Policymakers also signaled that the future path of interest rates will depend on

The post Gold slips as Trump’s Iran warning lifts US Dollar appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price dives over 1.30% on Wednesday as tensions in the Middle East bolstered the Greenback after US President Donald Trump said that the agreement to end the war with Iran was “over.” At the time of writing, XAU/USD trades at $4,059 after hitting a four-day low of $4,021. XAU/USD falls as Oil spike revives Fed tightening risks The yellow metal is feeling the strength of the US Dollar (USD) and also of rising US Treasury yields. US President Trump’s doubts about making a deal with Iran increased the chances of a resumption of attacks, exerting pressure on Oil prices. Western Texas Intermediate (WTI), the US crude Oil benchmark, gains over 3%, with the barrel quoting at $74.50 at the time of writing. This boosted the Greenback as high energy prices pose the risk of high inflation, fueling bets for higher interest rates. The US Dollar Index (DXY), which tracks the buck’s perform

The halt in dollar flows may escalate U.S.-Iran tensions, impacting regional stability and influencing market perceptions of military risks. The post Iraq halts dollar flows to iran-backed militias at US request appeared first on Crypto Briefing.

The post Silver Price Forecast: XAG extends lower low sequence, eyes on $55 appeared on BitcoinEthereumNews.com. Silver prices collapse nearly 2.50% on Wednesday as risk aversion drives traders towards buying the US Dollar, to the detriment of precious metals. At the time of writing, the XAG/USD trades at $58.41 after waking at around $61.03. XAG/USD Price Forecast: Technical outlook Silver is still downward biased, extending the series of successive lower highs and lower lows, besides its trading below the 200-day Simple Moving Average (SMA) at $70.19. The Relative Strength Index (RSI) is bearishly biased as the index approaches oversold territory. For a bearish continuation, if XAG/USD dives below the June 30 daily low of $56.61, this clears the path towards $55.79, the June 26 swing low. Below this level, the next area of interest is the November 13, 2025, daily low-turned-support at $54.39, ahead of the $50.00 figure. On the upside, buyers must clear the latest cycle high of $63.28

The US's financial pressure on Iraq highlights the strategic use of economic tools to influence geopolitical dynamics and curb militia funding. The post Iraq halts dollar flows to Iran-backed militias at US request appeared first on Crypto Briefing.

The post Japanese Yen falls near multi-decade lows appeared on BitcoinEthereumNews.com. USD/JPY trades higher near 162.50 on Wednesday, after nearing a four-decade high earlier in the day, as the US Dollar (USD) remains supported by geopolitical risk and caution ahead of the Federal Open Market Committee (FOMC) Minutes. The Japanese Yen (JPY) remains under pressure near multi-decade lows, keeping traders alert to possible intervention from Japanese authorities. Support for the Greenback increased after United States (US) President Donald Trump announced that the interim memorandum of understanding with Iran was “over,” indicating his unwillingness to engage with Tehran. This statement boosted safe-haven demand for the USD and caused a rise in oil prices, which heightens concerns over inflation and global risk sentiment. The focus now shifts to the FOMC Minutes from the meeting held on June 16-17, which was the first under Fed Chair Kevin Warsh. If the tone is hawkish, it could reinforc