EUR/USD
1.13981
0.252%
Gold
4089.21
0.877%
Oil
83.480
-5.719%
USD/JPY
163.493
-0.217%
GBP/USD
1.33348
0.105%
GBP/JPY
218.020
-0.112%
Real-time News
July 27th - A weekend pause in attacks between the US and Iran boosted market expectations for a potential resumption of energy transport through the Strait of Hormuz. European benchmark natural gas prices fell sharply in early trading on Monday. ICE data showed that as of 07:35 GMT, the near-month benchmark contract at the Dutch TTF gas hub fell €4.69 to €58.89 per megawatt-hour. The UK near-month gas contract fell 11.44 pence to 142.67 pence per British thermal unit (BTU). Last week, natural gas prices rose to their highest intraday level since March, influenced by 13 consecutive days of attacks between the US and Iran. However, prices retreated to a six-day low after the two countries suspended their attacks. Oil prices also fell sharply, with analysts at ING saying in a morning report that this reflected a "market eager for positive news." They stated, "While this is the first substantial sign of easing tensions, the underlying reasons remain unclear." They added that the ceasefire has not yet led to any significant rebound in shipping traffic through the Strait of Hormuz.The one-year implied yield on the dollar against the Indian rupee was 2.82%, down 10 basis points on the day. Traders said the Reserve Bank of India may be conducting dollar-rupee swap operations.Iranian Foreign Ministry spokesman Bagaei: The mediators conveyed a message from the United States to us, but we are not currently negotiating with Washington.Iranian Foreign Ministry spokesman Bagaei: Iran has not asked the United States to resume negotiations.Germanys July IFO Business Climate Index will be released in ten minutes.
