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Breaking Posted 3 hours ago

Israel-Hezbollah Ceasefire Agreed, Oil Drops $0.64 to $75.96

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Israel and Lebanon agreed to a ceasefire effective almost immediately, according to a senior US official cited by Reuters. Oil reversed a $0.50 gain to fall $0.64 to $75.96, while S&P 500 futures trimmed losses from -30 points to -11 points (-0.16%). Risk-sensitive currencies like AUD and CAD face pressure from oil's drop, while safe-haven flows into JPY and CHF may ease on reduced geopolitical tension. USD/CAD is the primary pair to watch given Canada's oil export exposure.
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