Lates News

The US dollar fell on Tuesday after reaching a three-month high. The previous rise in the US dollar was mainly driven by safe-haven flows and the increase in oil prices due to the US-Iran conflict. Mohit Kumar, an economist at Jefferies, stated in a report that Trump's proposal to provide insurance for ships passing through the Strait of Hormuz and the possibility of Gulf countries taking retaliatory measures against Iran boosted market sentiment as the market began to hope for an earlier end to the war. At the same time, Federal Reserve's William Williams stated that cooling inflation could provide room for further rate cuts in the future. Investors are currently focusing on upcoming economic data from the United States, including the ADP private sector employment report to be released at 21:15 Beijing time and the ISM services index report to be released at 23:00.