South Korea's foreign exchange authorities conducted a rare dollar-selling intervention in late July, sending the won to a nine-month high, a market source said. That came alongside Japan's yen-buying. A South Korean currency trader noted that the action is suspected to be a joint intervention with

Europe's Stoxx 50 closed near its record high on Tuesday, driven by surging technology shares and a wave of positive corporate earnings that rejuvenated market sentiment. Additional downward pressure on crude prices provided further tailwinds for the pan-EU index. Axios reported that Iran and Oman w

Crude prices dipped on Friday on news an Iranian parliamentary committee is reviewing a bill to ban US and Israeli ships from the Strait of Hormuz, imposing cargo fines of up to 20% on violators. Even if Oman and Iran agree on traffic management, the waterway shipping volumes will not reach pre-war

The S&P 500 and the Dow closed at record highs on Tuesday, powered by the latest batch of earnings, as crude prices and Treasury yields ‌dropped on hopes for a deal in the Iran war. Earnings have been strong this quarter, showing a 29.3% growth rate from the approximately 300 companies in the S&

Market caution triggered a second consecutive week of net outflows from US equity funds, as investors braced for much anticipated mega-cap tech earnings and reacted to climbing oil prices. US growth equity funds recorded outflows of $8.55 billion, the largest in three weeks, while Value funds also s

Gold rose on Monday as oil prices fell after Trump said he had called off the strikes and described a deal covering the Hormuz Strait and Iran's denuclearization as "imminent." Kuwait reported Saturday that its military intercepted and destroyed multiple Iranian drones after Tehran launched an aeria

The Hang Seng Index eased on Tuesday, while oil prices held near the lowest levels in weeks. Trump insisted peace talks are underway after Tehran undermined him by saying it had no plans for direct negotiations. The benchmark index, weighted towards internet platform and game publishing, stands to b

Crude prices retraced earlier gains on Thursday as Middle East oil tankers maintained their routes despite rising regional tensions and the broadening of the US-Iran conflict. Iran rejected an Omani proposal to share control of the strategic waterway, demanding total authority over inbound shipping

The yen fell from a more than two-month high on Friday after Tokyo reportedly conducted massive yen-buying, dollar-selling intervention to combat rising costs of living. Today's data showed Japanese inflation continuing to pick up amid support from elevated energy prices, especially as a resurgence

The Australian dollar dropped on Wednesday as hostilities flared anew in the Middle East. Iran targeted American forces in the Middle East with ballistic missiles, US Central Command said. Easing fuel costs helped temper Australian consumer price growth during the last quarter. Given underlying infl

The Australian dollar inched up on Thursday though a tanker was struck by an unknown projectile off Saudi Arabia and Washington threatened to bomb Iranian infrastructure. The labour market showed unexpected strength in June, blowing past consensus forecasts. This economic durability has convinced in

Wall Street's main indexes closed in negative territory on Monday, as market participants monitored diplomatic efforts to defuse Middle East tensions and braced for pivotal megacap tech earnings due later this week. According to a Reuters analysis, some active fund managers are already cutting back

The yen hovered close to its lowest level in nearly four decades on Wednesday as rising oil prices and Treasury yields pushed the dollar higher. The US has completed a fresh round of strikes against Iran. A Tuesday morning attack by Iran on a tanker in the Strait of Hormuz forced its crew to abandon