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Trump confirmed US strikes on Iran and said the country would be totally wiped out, sending crude above $90.50 while the 10-year Treasury yield broke 4.75% and stretched to 4.80%, with the dollar firmer and Nasdaq indices closing sharply lower. This is a supply-side inflation shock, not a growth shock, so higher oil feeds directly into breakevens and term premium rather than triggering rate-cut hopes, and Fed Governor Barr reinforced that channel by saying a hike could be warranted if inflation does not moderate soon. That combination of higher real yields plus a stronger USD is the least favorable mix for BTC and ETH beta, and it explains why softer US data (JOLTS 7.271M vs 7.300M, ISM manufacturing 54.6 vs 55.2, July construction spending -0.5%) failed to cap yields; watch whether crude holds above $90 and whether the 10-year sustains 4.80% before assuming risk appetite stabilizes.
As a Forex signal, watch whether it changes price action, volatility, or flows around CL=F, IXIC, BTC.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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