IRGC missile strike on US base in Kuwait escalates regional tensions

The post Australian Dollar softens below 0.7200 amid ongoing Middle East tensions appeared on BitcoinEthereumNews.com. The AUD/USD pair loses momentum to around 0.7180 during the early European trading hours on Monday. Rising tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD). The US May ISM Manufacturing Purchasing Managers Index (PMI) report is due later on Monday.  Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missile and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide, the Guardian reported on Monday.  Iranian Foreign Minister Abbas Araghchi said over the weekend that talks and message exchanges with the US were ongoing but highlighted that no assessment of negotiations could be made until a clear outcome was reached.  Traders will closely watch the US May jobs data on Friday as the US Federal Reserve (Fed) officials signal that

The post WTI US Oil Price Forecast: Rises to near $88.50 as Kuwait under attack, uptrend remains intact appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.45 during the early European trading hours on Monday. WTI price attracts some buyers following the Kuwaiti military reports of a missile and drone attack. Traders will closely monitor the Middle East developments and the US-Iran peace deal progress.  The Guardian reported on Monday that Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missiles and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide. Minutes after Kuwait reported coming under attack, US Central Command (Centcom) said it had conducted “strikes on Iranian radar and command and control sites for drones” over the weekend. Meanwhile, Iran’s Islamic Revolutionary Guards Corps (IRGC) said that it targeted an airbase used by the US

The post Australian Dollar Rises As Easing US-Iran Tensions Weigh On Safe-Haven US Dollar appeared on BitcoinEthereumNews.com. Australian Dollar Rises As Easing US-Iran Tensions Weigh On Safe-Haven US Dollar Skip to content Home Forex News Australian Dollar Rises as Easing US-Iran Tensions Weigh on Safe-Haven US Dollar Source: https://bitcoinworld.co.in/australian-dollar-rises-us-iran-ceasefire-hopes/

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