Market wrap: EUR/USD, Oil, Travelers, Bitcoin, and Geopolitical Tensions Shape Markets

EUR/USD remained subdued as weaker US inflation data and rising tensions reduced expectations for Fed rate hikes.

Oil prices rose 13% this week amid heightened tensions between Iran and the U.S., following reports of an attack on Kuwaiti facilities.

Travelers reported strong second quarter and year-to-date results, with adjusted earnings well above Wall Street expectations.

Bitcoin fell below $63,000 as renewed US-Iran strikes and geopolitical tensions triggered a risk-off sentiment across global markets.

The U.S. has expanded its aerial campaign against Iran, hitting bridges, energy facilities, and a key port, escalating tensions in the region.

Ethereum fell twice as much as Bitcoin during recent trading sessions, with HYPE losing 10% as a major whale dumped $28 million in the token.

Gold prices climbed as renewed concerns over Iran tensions and potential Fed rate hikes influenced investor behavior.

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