Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Oil Prices Jump as U.S.-Iran Conflict and Strait of Hormuz Tensions Shake Global Markets 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
Deutsche Bank Sees Global Capital Shifts Reshaping Long-Term U.S. Dollar Outlook 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
US Stock Futures Slide as Iran Conflict Escalates Ahead of Key Q2 Earnings Week 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
The U.S. dollar traded little changed on Tuesday as investors awaited key U.S. inflation data that could shape the Federal Reserve’s next interest rate decision, while rising geopolitical tensions in the Middle East supported oil prices and kept financial markets cautious.
The U.S. Dollar Index, which tracks the greenback against a basket of major currencies, held at 101.27 ahead of the June Consumer Price Index (CPI) report. Markets will also watch the June Producer Price Index (PPI) due on Wednesday and Federal Reserve Chair Kevin Warsh’s first semiannual testimony before Congress for further policy signals.
Investor sentiment remained cautious after President Donald Trump announced that the United States was reinstating a naval blockade on Iran and would keep the Strait of Hormuz open for commercial shipping through a paid security arrangement. The move followed renewed missile and drone exchanges between U.S. and Iranian forces, with Tehran claiming it had again closed the strategically important waterway.
The geopolitical escalation pushed energy prices sharply higher. Brent crude and U.S. West Texas Intermediate (WTI) futures extended gains after jumping more than 9% on Monday, reaching their highest levels since mid-June.
Currency markets were largely steady. The euro traded at $1.1383, while the British pound held at $1.3347. The Japanese yen remained weak near 162.40 per dollar, close to multi-decade lows, keeping traders alert for potential intervention by Japanese authorities.
Market attention also remained on Federal Reserve policy. Governor Christopher Waller said interest rates may need to rise soon if inflation continues to exceed the central bank’s 2% target. Analysts noted that a stronger-than-expected core CPI reading could reinforce expectations of another Fed rate hike as early as July. Fed funds futures currently imply roughly 30 basis points of additional tightening this year.
The yen also came under pressure after reports that Japan has no immediate plans to alter the investment strategy of its Government Pension Investment Fund, easing expectations for stronger domestic asset support. Meanwhile, the Australian dollar traded at $0.6915, New Zealand’s dollar rose to $0.5762, while Bitcoin climbed to around $62,294 and Ether advanced to approximately $1,776.
