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Not that long ago the US President came out on his Truth Social platform and attempted to spin the fact that he had been ignored by Israel when they attacked Iran last night. Trump said he had given the chance for Iran to make a deal and they must now do that in order to save what is left of the former Iranian empire. This is typical Trump, as he attempts to take ownership of this serious situation. So, the US equity markets remain on edge after this. Earlier the US said they were not involved and warned Iran not to retaliate against any US interests. This comment from Trump has opened the door on that, whether he likes it or not. You know sometimes it is better to say nothing. Hence, the dollar is now gaining a bit more as the EUR/USD falls to fresh session lows (still holding 1.15 for now though) and the USD/JPY rises above 144.25. At the same time the US equity futures are still very much in the red and likely to remain that way until live trading resumes. The Dow Jones closed last night at 42,967. It was priced to open as low as 42,175 earlier. It is right now priced reopen around 42,485
Updates here yesterday noted how the dollar has gotten an immediate boost from all the better than forecast US data released in the afternoon. Well...
Yesterday afternoon oil prices recovered their morning lows and that saw Brent crude for September delivery rebound from a session low close to $68.25...
As noted in an earlier update this morning, comments from a Fed policy voter (Chris Waller) sent the dollar lower much earlier this morning. The USD...
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