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Posted 2 hours ago
Israel and Hezbollah Agree Ceasefire Starting at 4 PM Local Time
Israel and Lebanon have agreed to a ceasefire effective from 4 PM local time, confirmed by a senior US official cited by Reuters. Oil prices immediately reversed a $0.50 gain and turned negative on the news, reflecting reduced Middle East risk premium.
Reduced geopolitical tension typically weighs on safe-haven currencies like USD, JPY, and CHF while supporting risk-sensitive pairs. Traders should watch USD/JPY and USD/CHF for pullbacks, and monitor oil-linked currencies such as CAD for downside pressure following the oil price drop.
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