Markets Reach New Heights as US-Iran Truce Remains Shaky

Global markets reached new highs on Wednesday as investors looked for signs that the fragile truce between the United States and Iran will hold.

The US dollar maintained its gains from the previous session after Iran accused Washington of violating a ceasefire. The New Zealand dollar rose following the Reserve Bank's decision to keep interest rates unchanged, but signal future hikes are needed sooner.

Japanese and South Korean shares hit fresh peaks as major US stock markets reopened to record highs driven by AI optimism.

Kyle Rodda, senior financial market analyst at Capital.com, noted that 'a lot of good news is priced in,' leaving room for disappointment if a comprehensive deal isn't announced.