EUR/USD
1.14389
-0.032%
Gold
4000.35
0.602%
Oil
80.279
1.768%
USD/JPY
162.399
0.022%
GBP/USD
1.34445
-0.252%
GBP/JPY
218.341
-0.203%
Real-time News
French Foreign Ministry: The Chargé dAffaires ad interim of the Russian Embassy in Paris was summoned by France on July 17.July 17 – The Pakistani military issued a statement on the 17th, saying that Pakistani security forces killed 24 terrorists in an operation in the northwestern Khyber Pakhtunkhwa province in the past 24 hours. The statement said that attacks by the Pakistani Taliban against police officers have surged recently, and the killed terrorists are suspected of involvement in multiple terrorist attacks and acts of violence. The statement added that security forces seized a large quantity of weapons and ammunition during the operation, and the clearing operation is still ongoing.July 17th - The cost of hedging against dollar volatility has fallen to its lowest level this year. This week, the one-month implied volatility index for the dollar spot index fell to its lowest level since December last year, a significant decline from the surge following the outbreak of the Iran-Iraq conflict in March. This indicates that despite the uncertain outlook for Federal Reserve policy and the resurgence of conflicts in the Middle East, traders still believe that the likelihood of a major unexpected event impacting the global reserve currency is extremely low. This calm market situation reinforces a key feature of the market this year: the resilience of the US stock market and the reduction in currency volatility have encouraged investors to flock to carry trades, which profit from interest rate differentials and tend to perform best when exchange rates and risk appetite remain stable. Francesco Pesole, a foreign exchange strategist at ING, said the decline in dollar volatility is "remarkable." He noted, "The resilience of the stock market, supported by the AI boom, seems to be stabilizing the exchange rate and helping to maintain a self-reinforcing environment of low volatility and thriving carry trades." He added that even if tech stocks experience a pullback, this trading strategy will remain popular.The Dow Jones Industrial Average turned positive, with Micron Technology (MU.O) up 1.5%, SanDisk (SNDK.O) up 1.7%, and SK Hynix ADR (SKHY.O) up 3%.On July 17th, Federal Reserve Chairman Hamak stated that there is no conflict between the Feds dual mandate—inflation remains too high while the labor market is near full employment. Hamak noted that business leaders cited energy costs and supply chain disruptions as contributing factors, while also mentioning insurance cost pressures and the cost pressures from building artificial intelligence (AI) data centers.
