On July 27th, Reuters reported that after the United States suspended bombing attacks against Iran, global investor confidence increased, and international oil prices fell. However, during the Asian trading session on July 27th local time, the exchange rate of the US dollar against major currencies declined.
On that day, the US dollar fell by 0.2% against the Japanese yen, closing at 163.585 yen, the largest single-day decline since July 10. The euro rose by 0.2% against the US dollar, reaching 1.1397 US dollars. The British pound also increased by about 0.2% against the US dollar, closing at 1.3353 US dollars.
In other currency markets, New Zealand dollar appreciated against the US dollar by 0.3%, to USD 0.5802; Australian dollar appreciated against the US dollar by 0.2%, to USD 0.6997.
The US dollar index, which measures the exchange rate of the US dollar against six major currencies, fell by 0.25% to 101.23 points. This week, markets will see several central bank policy meetings, including the Federal Reserve monetary policy meeting. Investors are closely monitoring the trend of interest rates.
In terms of oil prices, Asian early trading saw significant declines in international crude oil prices. After the U.S. military temporarily stopped its attacks against Iran, the price of Brent crude oil futures dropped by 4.7%, reaching $92.19 per barrel.
An analyst at Westpac Bank, Australia's second-largest bank, noted in a research report that "market sentiment was boosted by some news." This news refers to Pakistan and Iran exploring new peace negotiations with the United States, while oil exports from the Middle East continue.
