Trump Brokers Ceasefire Between Israel and Iran: Global Markets React

In a dramatic turn on the international stage, President Donald Trump announced a ceasefire between Israel and Iran, sending shockwaves through the global markets. The news sparked a risk rally, with the Australian and New Zealand dollars benefiting from an upswing, reflecting increased investor confidence.

Despite President Trump's assertion that the ceasefire is now operational, doubts remain, as Israel has yet to confirm the agreement. Reports from the Israeli military indicated that Iran had launched missile attacks shortly after the announcement, casting shadows over the ceasefire's viability.

The dollar fell as a result of a broader risk rally and dovish comments from Federal Reserve officials. This sentiment was echoed in cryptocurrency markets, where Bitcoin and Ether made notable gains. As investors await further testimonies from Fed Chair Jerome Powell, speculation over interest rate cuts continues to stir discussions.

(With inputs from agencies.)