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Live: Australian dollar rises on US-Iran deal, ASX to lift
The Australian dollar is rising after Donald Trump confirmed a peace deal has been reached with Iran, saying the Strait of Hormuz will open.
The ASX looks set to join the rally when markets open this morning, ahead of tomorrow's RBA rates decision.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
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Mr Jassy's involvement sheds light on the extraordinary move by Anthropic on Friday to shut down its latest models globally in response to national security orders from President Donald Trump's administration.
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A peace deal between Iran and the US and further easing in the oil price is expected to drive equity markets higher and take the pressure off major central banks from raising interest rates when they meet this week.
On Monday, Iran confirmed it agreed to a deal with the US to reopen the Strait of Hormuz, and would officially sign the memorandum of understanding on June 19 in Switzerland. “The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump posted on social media.
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