Oil prices on Thursday returned to around $100 a barrel, as hostilities in the Persian Gulf continue, albeit at lower intensity.
Oil prices on Thursday returned to around $100 a barrel, as hostilities in the Persian Gulf continue, albeit at lower intensity.
Current headlines from the US stock market
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Australian Dollar Rises on Ceasefire News, but Gains Are Limited by Domestic Factors
The fragile ceasefire between the United States and Iran is supporting the U.S. dollar and negatively affecting this commodity. At the same time, the Federal Reserve's dovish stance limits the dollar's upside and provides support to the non-yielding precious metal.
The fragile ceasefire between the United States and Iran is helping revive demand for the U.S. dollar and supporting spot prices. Economic concerns related to conflicts in the Middle East are putting pressure on the Japanese yen and favoring bulls in this pair.