Central Banks Seen Holding Rates; US-Iran Pact Signed
Markets expect Norges Bank, the Bank of England, and the Swiss National Bank to keep interest rates unchanged. Meanwhile, the US and Iran have signed a memorandum of understanding toward a permanent peace deal.
Traders are pricing in no change from Norges Bank, the Bank of England, and the Swiss National Bank at their upcoming meetings. The expectation of steady rates reflects cautious central bank stances amid mixed economic data.
Separately, US President Donald Trump and Iranian President Masoud Pezeshkian have digitally signed a memorandum of understanding to work toward a permanent peace agreement between the two countries. The deal marks a significant diplomatic step, though details remain sparse.
Source: FXStreet Forex News