USD and oil both lower in morning Asia trade

Oil has lost further ground with the news of the ceasefire:

• Trump announces Iran and Israel have agreed to a “Complete and Total CEASEFIRE”
• CNN reports that Iran has not received any ceasefire proposal
• News of Iranian confirmation of ceasefire agreement filtering in now – all good

• More ceasefire confirmation – Senior Iranian official confirms to Reuters

The US dollar has lost further ground also. EUR, AUD, NZD, GBP, JPY all higher. CAD and CHf a bit laggy.

For the sake of peace fingers crossed the ceasefire holds and progresses to an end to the war. I’ve my doubts, but we’ll see.

AUD:

This article was written by Eamonn Sheridan at www.forexlive.com.