US Dollar Falls Post-Ceasefire as Crypto Markets Watch Data
The post US Dollar Falls Post-Ceasefire as Crypto Markets Watch Data appeared on BitcoinEthereumNews.com.
Key Points: The US dollar weakened after Middle East geopolitical tensions eased, impacting USD value. Upcoming US data expected to influence dollar trajectory and crypto markets. Crypto assets may benefit from weakened dollar amidst cautious market sentiment. The US dollar experienced a decline this week, falling below 97 for the first time since March 2022, following a ceasefire agreement in the Israeli-Iranian conflict. Market participants await key US economic data, which may further influence the dollar’s trajectory next week, affecting both forex and crypto markets. Dollar Drops as Middle East Tensions Ease The US dollar initially rose on news of US involvement in the Israeli-Iranian conflict earlier this week. Following a ceasefire agreement, however, the dollar reversed its gains, marking fresh lows last seen in March 2022. Key economic data, including PMI and nonfarm payroll reports, are anticipated in the coming week. These reports are pivotal as they hold potential influence over monetary policy outlook and market sentiment. In recent days, anticipation has grown around upcoming US economic data and speeches by key Federal Reserve officials. These developments have positioned the following week as a critical juncture for the dollar and broader market sentiment. The market is particularly focused on whether the Federal Reserve might adjust its stance on interest rates, depending on the robustness of the data. “As the market gradually adjusts to the idea that the Fed may be patient before resuming the process of rate cuts, the dollar may rebound.” — PANews summary, Analyst, PANews Investor responses have varied as the geopolitical situation cooled, with many turning their attention to potential economic developments. Fed Chair Jerome Powell is set to participate in an important dialogue, while Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee will deliver key speeches. Market observers are particularly watchful for…
Filed under: News - @ June 28, 2025 12:29 pm