Breaking
Posted 11 hours ago
Emerging Markets Hit Record High as Iran Deal Resumes Hormuz Shipping
Emerging-market equities reached a record high after the Iran deal took effect, reopening the Strait of Hormuz to shipping traffic. The development signals potential downward pressure on global oil prices as supply routes normalize.
Oil-linked currencies such as CAD, NOK, and RUB face bearish pressure, while USD may soften against risk-sensitive EM currencies. USD/CAD and USD/NOK are key pairs to watch as falling oil erodes petrocurrency strength.
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