We expect Strait of Hormuz to be open toll-free long term

We expect Strait of Hormuz to be open toll-free long term

In an interview with CNBC on Monday, United States (US) Vice President JD Vance said that they expect the Strait of Hormuz to be “open toll-free in the long term,” per Reuters. Key takeaways “Will have two-step verification process.” “Lots of details still to sort out.” “We will see where Tehran is willing to make […]

What is driving the Euro up despite the disappointing Eurozone data?

What is driving the Euro up despite the disappointing Eurozone data?

The Euro (EUR) maintains its positive tone against the US Dollar (USD) on Monday, with the EUR/USD pair trading near 10-day highs above 1.1600. The positive market sentiment amid the US-Iran peace deal and the lower Oil prices has offset the weak Eurozone Industrial Production and Trade Balance data seen earlier on the day. Factory […]