BIST10010.500 0.00%Ethereum Foundation Turns AI Loose on ETH Network to Find Bugs Before Hackers DoUSD/TRY47.2240 0.20%Foreign Investors' Net Sales in BIST Stock MarketEUR/TRY53.8227 0.30%Avalanche Treasury Firm AVAX One Reclaims Nasdaq ComplianceBTC/USD$63,286.63 2.00%Optimism for New Zealand DollarGOLD6.247,74 0.15%AI Revolution in Paris: Gradium Raises $100MBRENT$76.04 0.00%Rise in Gold Prices and South African Rand's GainsSK Hynix to Price US Share Offering at $149 ApieceBIST10010.500 0.00%Ethereum Foundation Turns AI Loose on ETH Network to Find Bugs Before Hackers DoUSD/TRY47.2240 0.20%Foreign Investors' Net Sales in BIST Stock MarketEUR/TRY53.8227 0.30%Avalanche Treasury Firm AVAX One Reclaims Nasdaq ComplianceBTC/USD$63,286.63 2.00%Optimism for New Zealand DollarGOLD6.247,74 0.15%AI Revolution in Paris: Gradium Raises $100MBRENT$76.04 0.00%Rise in Gold Prices and South African Rand's GainsSK Hynix to Price US Share Offering at $149 Apiece
Forex

Dollar Remains Steady Amid Iran Tensions; Yuan Flat After Inflation Data

724FinanceOzan Demirci
Dollar Remains Steady Amid Iran Tensions; Yuan Flat After Inflation Data

The dollar remained steady on Thursday. US-Iran military tensions increased concerns about resilient inflation and high interest rates in the markets. The Chinese yuan was flat after June inflation data.

Market Reactions

  • The dollar index remained at 100,760 points on Thursday.
  • The USD/JPY pair fell by 0.1%.
  • The AUD/USD pair rose slightly.
  • Economic Data

  • Consumer price index inflation rose by 1% in June on an annual basis.
  • Producer price index inflation reached its highest level in four years.
  • Expert Opinion

    Markets are being cautious due to this situation. New conflicts and concerns in the Middle East are causing fluctuations in oil prices. Gold is expected to rise due to structural costs and geopolitical risks. You can follow Investing.com data and analysis by subscribing to InvestingPro.
    Ozan Demirci

    Financial Analyst: Ozan Demirci

    Global Currencies and Trade Wars Commentator. International FX expert analyzing global liquidity from JPY interventions to CNY devaluations.

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