ECB Expected to Hike, Fed Possibly in July; Trump Urges Iran-Israel Ceasefire
The ECB is anticipated to raise rates this week, while the Fed may follow in July. Meanwhile, Trump's call for a ceasefire between Iran and Israel signals a push for prolonged peace, though the US stance appears untenable.
EURUSD
The European Central Bank is expected to deliver a rate hike this week, according to market speculation. The Federal Reserve could follow suit in July, though no official confirmation has been given.
Separately, former President Trump has called for both Iran and Israel to cease hostilities, indicating a desire for a sustained ceasefire. The post suggests that it is untenable for the US to demand—at Iran's request—that Israel stop defending itself against Iranian proxies.
Source: FXStreet Forex News