A temporary pause in U.S.–Iran hostilities brought brief relief to global markets, easing crude prices toward $83 per barrel and pulling the Dollar Index down to 101.10. However, underlying sentiment remains cautious ahead of the Federal Reserve policy decision and major tech earnings.
US stock futures edged lower as chipmakers extended their decline.
The US dollar gave back some recent gains but remained well supported.
Central Banks on a Tightening Path (27-31 July)
