US-Iran MoU Unwinds War Risk Premium; Rate Decisions Ahead
Reports of a US-Iran Memorandum of Understanding are unwinding the Iran war risk premium, though the deal remains to be signed and nuclear issues persist. Meanwhile, SpaceX gains in premarket and a packed week of central bank rate decisions begins.
A US-Iran Memorandum of Understanding (MoU) has prompted a partial unwind of the war risk premium embedded in markets. The caveat remains that the MoU must still be signed and the core nuclear dispute is unresolved, leaving uncertainty.
In equities, SpaceX continues to climb in premarket trading, adding to recent gains. This week features a heavy calendar of central bank rate decisions, starting today, which may drive further volatility across currencies and risk assets.
Source: FXStreet Forex News