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The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the European session on Thursday, as the crude oil prices dropped giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume.Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $89.54. Subscribe to continue...

The U.S. dollar experienced a sharp fall against the yen and other major currencies on Thursday, following intervention by Japanese authorities. The move was aimed at strengthening the yen amid ongoing geopolitical tensions that have impacted global markets. Finance Minister Satsuki Katayama hinted at the need for decisive market actions earlier in the day.Japan's intervention followed signals from the Finance Ministry about measures to support the weakening yen, which had reached its lowest level against the dollar since July 2024. The dollar's drop, the largest since December 2024, came as...