Euro rises as US-Iran deal hopes sink US Dollar and Oil

Euro rises as US-Iran deal hopes sink US Dollar and Oil

The EUR/USD pair edges up by 0.12% on Friday as the US Dollar (USD) drops amid hostilities in the Middle East, while a US-Iran deal is reportedly pending approval by the White House and senior Iranian officials. At the time of writing, EUR/USD trades at 1.1664. EUR/USD gains as Hormuz reopening hopes pressure US Dollar […]

We have no trust in guarantees or words

We have no trust in guarantees or words

In a post published on X on Friday, Iran’s top negotiator Mohammad Baqer Qalibaf said they have no trust in guarantees or words, and added: “Only actions are the measures, no action will be taken before the other side acts.” “The winner of any agreement is the one who prepares better for war from the […]

British Pound edges lower towards 1.3400 as BoE Bailey buys time

British Pound edges lower towards 1.3400 as BoE Bailey buys time

The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to […]