Global Markets on the Rise: How Rates and Crude Oil Affect Major Currencies

The US dollar is strengthening amid significant increases in interest rates. The 10-year US Treasury yield has hit its highest level since January 2025, while shorter-term bonds also set records. This scenario reflects expectations of economic growth and controlled inflation. Additionally, crude oil prices have reached their peak over two months, surpassing $91 per barrel for the first time since June. These factors are directly impacting currency pairs related to oil, such as the Japanese yen and the British pound. The outlook for the pound is cautious, with expectations of a correction after recent rate hikes in Europe. However, investors should remain vigilant regarding geopolitical developments, which have generated uncertainty and pressured financial markets. Tensions between Iran and the United States continue to influence regional and international relations, while the conflict in Ukraine persists, affecting maritime logistics and economies worldwide. This complex macroeconomic reality where geopolitical factors intertwine with economic issues is shaping the current landscape of financial markets.