USD Climbs 0.6% — Traders Must Re‑evaluate Euro and Gold Positions
The USD jumped 0.6% on Friday as Fed hawkish tone and Iran‑US tensions spiked, pushing the Euro below its 100‑hour MA and rattling gold at $2,190.
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The USD jumped 0.6% on Friday as Fed hawkish tone and Iran‑US tensions spiked, pushing the Euro below its 100‑hour MA and rattling gold at $2,190.
The Iran war has stretched to almost three months, driving U.S. inflation higher and squeezing corporate earnings.
UK petrol to hit £1.62 a litre as Iran war threatens global oil supply, says RAC.
ECB chief economist Daniel Villeroy highlighted that the US‑Iran conflict could trigger supply shocks, threatening growth and inflation. He urged a data‑dependent stance and readiness to act if needed.
Japan’s first‑quarter GDP grew at a 2.1% annualised pace, beating estimates. Analysts warn that the Iran conflict could erode this momentum.
Japan's first‑quarter GDP grew at an annualised 2.1%, outpacing expectations, while the yen weakened near 159 per dollar and oil prices fell after the US halted a planned Iran strike.
U.S. stock‑index futures fell as crude prices climbed, reflecting a stalled Iran war and broader market uncertainty. Key tech and biotech stocks saw mixed moves amid investor bets on future growth.
Israel’s first‑quarter GDP fell 3.3% annualised as the Iran conflict weighs on the economy, while recent attacks on Doha and Tehran signal new warfare tactics.