US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
The U.S. dollar strengthened sharply on Tuesday as escalating tensions in the Middle East pressured the Japanese yen and the euro, highlighting the vulnerability of major energy-importing economies to rising oil prices and inflation risks. Investors flocked to the dollar as a safe-haven currency after the U.S. and Israel expanded airstrikes against Iran, with violence spreading into neighboring countries and disrupting energy markets.
The dollar index, which tracks the greenback against a basket of major currencies, climbed to 98.49 following a 0.9% surge in the previous session. The euro stabilized at $1.1695 after dropping more than 1% amid concerns over delayed oil shipments from the region. The Japanese yen recovered slightly to 157.2 per dollar after tumbling 0.8% a day earlier, while the British pound traded flat at $1.3407.
Market analysts noted that Europe and Japan remain heavily dependent on energy imports, making their currencies more sensitive to spikes in oil and gas prices. Qatar’s suspension of liquefied natural gas production and precautionary shutdowns of oil and gas facilities across the Middle East intensified fears of prolonged supply disruptions. In contrast, the United States, as a net energy exporter, appears more insulated from external energy shocks.
Japanese Finance Minister Satsuki Katayama signaled that currency market intervention remains an option to stabilize the yen, adding that authorities are closely monitoring financial markets. Investors are also watching for comments from Bank of Japan Governor Kazuo Ueda for clues on potential interest rate hikes.
Meanwhile, expectations for a Federal Reserve rate cut have shifted, with traders no longer fully pricing in a reduction until September. Fed funds futures still indicate two 25-basis-point cuts by year-end, supporting the dollar’s momentum.
The Swiss National Bank expressed greater willingness to intervene as the Swiss franc surged against the euro. Commodity-linked currencies showed resilience, with the Australian dollar rising to $0.7106 and the New Zealand dollar gaining to $0.5946. In cryptocurrency markets, bitcoin slipped to $68,889.68 and ether declined to $2,031.20 as risk appetite weakened.
