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USDILS Moves Lower On Latest Cease-Fire Headlines

GLOBAL
  • According to several newswires, Hamas militant group says it has accepted an Egyptian-Qatari cease-fire proposal to halt the seven-month war with Israel. USDILS has moved lower on the headline, trading from around 3.74 to 3.71 at typing, although there was no immediate comment from Israel.
  • It issued a statement Monday saying its supreme leader, Ismail Haniyeh, had delivered the news in a phone call with Qatar’s prime minister and Egypt’s intelligence minister. The two Middle Eastern nations have been mediating months of talks between Israel and Hamas.
  • The headlines come just hours after Israel were said to be weighing an offensive on Rafah. Israel’s military had told civilians to move out of parts of Rafah, a possible prelude to a long-expected attack on the Gazan city. The Israel Defense Forces “will act with extreme force against terrorist organizations in your areas of residence,” a spokesman said on X earlier on Monday.
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