Shoe Stocks Rally on U.S.-Iran Ceasefire Relief

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Published: 4 hours ago

Shoe sector stocks gained following reports of a U.S.-Iran ceasefire agreement, triggering broader risk-on sentiment across equity markets as geopolitical tensions ease. The relief rally could strengthen risk currencies like AUD, NZD against safe havens USD, JPY as traders exit defensive positions and move into higher-yielding assets.

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