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Asia Rallies as U.S.-Iran Deal Breaks Tension
Description
Asian markets rocketed to record highs today as a historic U.S.-Iran peace deal lifted sanctions and triggered optimism, while Wall Street stumbled amid fears of Fed rate hikes. The agreement grants Iran a 60-day window to negotiate its nuclear program and restores its ability to sell oil freely, sending oil prices tumbling and easing inflation worries. Investors grapple with shifting expectations — after months of rate-cut hopes, the Fed’s potential rate hike looms as a destabilizing force. Meanwhile, the U.S. dollar dipped against the yen, underscoring how global markets remain tightly tethered to U.S. monetary policy.
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