JPMorgan Sees ECB Raising Rates to 2.75% in December 
US Oil Blockade Deepens Iran’s Economic Crisis 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Asian Currencies Rise as Yen Surges on Fed Rate Outlook 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Gold Prices Hold Near $4,500 as Fed Rate Hike Bets Ease 
Asian Stocks Rally as Fed Rate Hike Fears Ease 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft 
Add as a preferred source on Google
The U.S. dollar remained under pressure on Tuesday as growing optimism over a possible agreement to reopen the Strait of Hormuz improved global market sentiment and boosted risk assets. Investors are closely watching developments in the ongoing Iran conflict, now entering its third month, as hopes for de-escalation continue to influence forex markets, oil prices, and investor confidence.
The euro held firm against the dollar, with EUR/USD trading near 1.1636, while the Japanese yen stood at 158.95 per dollar. The U.S. Dollar Index also slipped toward 99.03 as traders reacted to diplomatic signals from both Washington and Tehran.
Market sentiment improved after reports confirmed that Iran’s foreign minister and top negotiator were in Doha for talks with Qatar’s prime minister regarding a possible peace agreement. U.S. President Donald Trump stated that discussions with Iran were progressing “nicely,” although he warned that additional military action could follow if negotiations failed.
Despite the positive tone, tensions remain elevated after the U.S. Central Command confirmed fresh strikes targeting Iranian-linked threats. The renewed attacks briefly pushed oil prices higher after Brent crude dropped sharply on Monday. Brent futures later rebounded to around $97.76 per barrel, highlighting continued volatility in global energy markets.
Analysts believe the possibility of reopening the Strait of Hormuz has reduced fears surrounding oil supply disruptions, inflation, and global economic slowdown. However, experts caution that a full recovery in energy supply chains may take time, keeping inflation concerns and interest rate uncertainty alive.
The Australian dollar stayed near a one-week high, supported by improving risk appetite, while the New Zealand dollar weakened slightly ahead of the country’s upcoming central bank decision.
Currency strategists also noted that strong U.S. economic growth and persistent AI-driven inflation pressures could continue supporting the dollar in the medium term, even if oil prices gradually ease below $100 per barrel later in 2026.
