Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
Oil Prices Tumble as U.S.-Iran Peace Deal Eases Supply Concerns 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Japan Trade Deficit Narrows as Exports Surge in May 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Asian Markets Mixed Ahead of Key Central Bank Decisions 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
US Stock Futures Edge Higher Ahead of Key Federal Reserve Decision 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
The U.S. dollar posted strong gains on Wednesday after the Federal Reserve decided to keep interest rates unchanged and signaled that policymakers may still consider future rate hikes as inflation risks remain elevated.
The U.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, climbed nearly 1% to 100.38 by 16:28 ET (20:28 GMT). The move reflected growing investor confidence in the dollar following the Federal Open Market Committee’s (FOMC) latest policy announcement.
At its first meeting under newly appointed Federal Reserve Chair Kevin Warsh, the central bank left the benchmark federal funds rate unchanged at 3.50%–3.75%. The decision comes as inflation continues to challenge policymakers, prompting expectations that borrowing costs could remain higher for longer.
Market participants closely watched the Fed’s outlook for interest rates, particularly whether officials would maintain expectations for future policy easing. However, the latest signals suggest the central bank remains focused on controlling inflation and is prepared to tighten monetary policy further if necessary.
Warsh, who assumed the role of Fed chair last month, also unveiled five task forces aimed at reviewing key aspects of the Federal Reserve’s operations. These groups will assess areas including central bank communications, balance sheet management, and the framework used to evaluate inflation trends. Most recommendations are expected to be completed before year-end.
“Change isn’t easy. Change is filled with risk,” Warsh said while outlining the review initiative.
The latest decision highlights a notable shift in the Fed’s policy trajectory. After raising interest rates to their highest level in more than two decades three years ago, the central bank began an easing cycle in September 2024, cutting rates six times before pausing late last year. With inflation concerns persisting, Wednesday’s announcement indicates that interest rates could remain at current levels for an extended period, providing additional support for the U.S. dollar and influencing forex market expectations.
