EUR/USD edges lower to near 1.1750 as Trump rejects new Iran peace offer

EUR/USD edges lower to near 1.1750 as Trump rejects new Iran peace offer

The EUR/USD pair loses momentum to around 1.1765 during the early Asian session on Monday. The Euro (EUR) softens against the US Dollar (USD) amid a cautious mood after US President Donald Trump and Iran rejected each other’s latest peace proposals to end the war in the Middle East.  Bloomberg reported on Sunday that Trump […]

Gold swells as Middle East peace hopes hit the US Dollar

Gold swells as Middle East peace hopes hit the US Dollar

Gold (XAU/USD) rises some 0.75% on Friday as financial markets remain optimistic about a possible end to the Middle East conflict, which could potentially drive Oil prices lower and ease inflationary pressures. At the time of writing, the XAU/USD pair trades at $4,711 after bouncing off daily lows of $4,673. XAU/USD climbs as falling yields […]