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20 jul, 00:10 - 04:10 UTC
Middle East Tensions Escalate
Geopolitical tensions in the Middle East have intensified following reports of US airstrikes targeting Iran. The escalating conflict has contributed to a firmer US Dollar and a rise in Brent crude oil prices to the $90 level, while risk-sensitive currencies like the Australian Dollar have weakened.
Focus Remains on US Inflation
Market participants are closely watching the trajectory of US inflation to assess if price pressures are continuing to subside. The inflation outlook remains a key variable for future monetary policy decisions, which have broad implications for asset markets.