Surges toward YTD high near 112.00
The AUD/JPY recovers from earlier losses, advances some 0.38% on Tuesday even though risk aversion is ruling the financial markets as tensions in the Middle East had risen. Hawkish comments of RBA’s Governor Bullock propel the Aussie Dollar higher. At the time of writing, the cross-trades at 111.62. AUD/JPY Price Forecast: Technical outlook The AUD/JPY […]
AUD/USD drops on Iran conflict rhetoric and firm US data
The Australian Dollar (AUD) registers losses versus the Greenback on Monday following over-the-weekend developments in the Middle East, which triggered a flight to safety, weighing on the AUD/USD pair. At the time of writing, it trades at 0.7083, down 0.37%. Aussie weakens as Middle East escalation, firm US data fuel haven demand Sentiment remains negative […]
EUR/USD weakens as US-Iran conflict strengthens the US Dollar
The Euro (EUR) edges lower against the US Dollar (USD) on Monday, with EUR/USD sliding more than 1% as investors rotate into the safe-haven Greenback amid escalating geopolitical tensions in the Middle East. At the time of writing, the pair trades around 1.1683, marking its lowest level in over a month. A joint US-Israel strike […]
Energy shock implications for ECB policy – ABN AMRO
ABN AMRO economists assess how higher Brent Oil prices could affect eurozone inflation and the ECB. In a mild USD 80 scenario, they see inflation returning to around 2%, while a USD 130 shock lifts 2026 inflation by 1.3pp but leaves 2027 only slightly higher, making second-round effects and the duration of the shock key […]
EUR/USD holds losses near 1.1750 as German Retail Sales fall in January
EUR/USD declines nearly 1%, trading around 1.1740 during the European hours on Monday. The pair struggles as the Euro (EUR) remains under pressure after Germany’s Retail Sales fell 0.9% month-over-month (MoM) in January, undershooting expectations for a 0.2% decline and reversing an upwardly revised 1.2% increase in the previous month. On an annual basis, retail […]
War-driven spike tests risk appetite – UOB
UOB Global Economics & Markets Research highlights a sharp jump in Brent crude after US-Israel strikes on Iran and an OPEC+ decision to raise output. The bank notes Brent has already traded above USD 80/bbl in Asia and warns that a sustained move above last June’s USD 80 peak could spur renewed risk aversion, weighing […]
US Dollar Index hovers around 98.00, five-week highs as Middle East tensions escalate
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, depreciated after reaching five-week highs, hovering around 97.90 during the Asian hours on Monday. However, the downside in the Greenback may be limited as escalating Middle East tensions boost safe-haven demand. The United States (US) and Israel […]
US Dollar Index attracts some buyers to near 98.00 as Middle East conflict fuels demand
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.00 during the early Asian trading hours on Monday. The DXY attracts some buyers as traders seek safe-haven assets amid escalating conflict in the Middle East. The US Dollar received some support […]
