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2026-04-08 09:42:25
[US-Iran ceasefire boosts market sentiment: Asian currencies strengthen, but sustainability of rebound remains to be seen] (1) Asian currencies strengthened against the US dollar in early trading after the US and Iran reached a two-week ceasefire agreement. (2) Moomoo ANZ market strategist Tina Teng said that Trump's agreement to temporarily halt attacks on Iran undoubtedly boosted global market sentiment, which can be seen as a turning point in this round of Middle East wars. (3) However, the strategist added that the focus will be on whether a permanent ceasefire agreement can be reached in two weeks and whether the Strait of Hormuz can be fully opened, which will determine whether the market rebound can be sustained.
