Equities: Risk rally on Iran de‑escalation hopes – Danske Bank - Bitget

S&P 500 Rises Modestly as Iran Tensions Ease, Deutsche Bank Reports - CryptoRank

Dollar drifts lower as oil prices and bond yields slide on US-Iran hope

EM Fixed Income: Will EM markets keep trading Iran conflict de-escalation?

The desk believes that emerging market (EM) fixed income is poised for a positive shift following the recent two-week ceasefire in the Iran conflict, which has alleviated some geopolitical tensions. Per the full note [source], this development has led to a significant relief rally in EM assets, with currencies strengthening by approximately 3% against the dollar and sovereign credit spreads tightening by 22 basis points. Our current consensus target for EM currencies is 1.075, with a range of 1.04 to 1.12, reflecting a cautious optimism in the market outlook.

The Commodities Feed: Oil rallies with US-Iran deadlock

The desk argues that oil's rally on US-Iran deadlock has limited FX spillover but supports commodity currencies. The source notes geopolitical premium is driving crude, yet no explicit FX pair is cited. Consensus sees CAD and NOK benefiting marginally, but the lack of a direct currency call leaves positioning neutral. No high-impact events loom in the next 30 days for oil-linked FX.