Global Markets Rally on U.S.-Iran Deal; Warsh FOMC in Focus
Markets rallied on news of a preliminary U.S.-Iran agreement to reopen the Strait of Hormuz, ending a four-month conflict. Attention now turns to Kevin Warsh's first FOMC press conference.
A preliminary U.S.-Iran agreement to reopen the Strait of Hormuz and end the four-month conflict sparked a powerful relief rally across global markets yesterday. Investors, traders and algorithms celebrated the development, which reversed recent risk aversion.
Market focus is now shifting to Kevin Warsh's first FOMC press conference, where the new Fed chair is expected to deliver key policy signals. The combination of easing geopolitical tensions and a potential central bank dovish or hawkish stance will likely drive near-term volatility.
Source: FXStreet Forex News