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Breaking Posted 4 hours ago

US-Iran Deal Sends Stocks Up 1.2%, Oil Prices Fall

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US and Iran reached tentative agreement to end hostilities, sending S&P 500 futures up 1.2% and Nasdaq futures up 2.1%. Oil prices fell on prospects of Strait of Hormuz reopening. Risk-on sentiment should strengthen USD against safe havens like JPY and CHF, while weakening commodity-linked currencies. Oil price decline particularly impacts CAD and NOK negatively.
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