Energy Markets
Oil drops the most since years, and gold, yen are also falling.
Brent oil is on course for its biggest?quarterly decline since 2020 as traders keep tabs on the fragile ceasefire between Iran and the United States. The U.S. Dollar was expected to increase against a basket for the fourth consecutive quarter on the last day?the?second quarter. This pushed the yen down to its lowest level in 40 years as the expectations of interest rate increases in the U.S. changed dramatically. The greenback gained more than 1% against the currencies of emerging markets as a group throughout the second quarter. The Strait of Hormuz reopened slowly and randomly on the energy market...