Australian Dollar extends gains vs USD on Iran de-escalation hopes

Australian Dollar extends gains vs USD on Iran de-escalation hopes

The AUD/USD pair is seen building on the previous day’s recovery move from over a two-month low and gaining traction for the second consecutive day on Wednesday. The momentum lifts spot prices to a fresh weekly high, around the 0.6925-0.6930 region during the Asian session, and is fueled by hopes for de-escalation of Middle East […]

KRW: Policy easing under consideration

KRW: Policy easing under consideration

BNY’s Head of Markets Macro Strategy Bob Savage notes that the Bank of Korea (BoK) may consider policy easing as Middle East geopolitical shocks threaten domestic growth. Savage highlights that the new BoK governor is prioritizing market stability and signaling a relaxed stance toward South Korean Won (KRW) weakness. Simultaneously, South Korean President Lee Jae […]