Softer US Dollar, Bitcoin and Oil Price; Mixed Equity Moves; and Lower Sovereign Debt Yields

From currencythoughts.com

Middle Eastern geopolitics continues to impact financial market activity in multiple ways. There is the guessing game about when an enduring ceasefire and will be reached, which pivots with each ensuing pronouncement from officials or rumor/news scoop that hits the wires. Seemingly lost in this focus on the timing of a deal is the reality that was prominent in the conflict’s early days that if extended beyond just a couple of weeks, it will likely take extra time to considerable time after the Strait of Hormuz becomes safe for traffic for commerce to return to normal volume. The passageway has been effectively out ... (full story)