Asymmetric risk skew on ceasefire and Fed politics – Commerzbank

Asymmetric risk skew on ceasefire and Fed politics – Commerzbank

Commerzbank’s Michael Pfister argues that the extended ceasefire with Iran and ongoing closure of the Strait of Hormuz keep global inflation risks elevated, even if EUR/USD does not currently reflect this. He notes that renewed tensions would likely support the US Dollar (USD) more than a deal would lift the Euro (EUR), and that political […]

Gold rises as US‑Iran ceasefire hits USD; upside seems limited

Gold rises as US‑Iran ceasefire hits USD; upside seems limited

Gold (XAU/USD) gains some positive traction during the Asian session on Wednesday and moves away from a one-week low, around the $4,669-$4,668 region, touched the previous day. The US Dollar (USD) edges lower in reaction to a temporary extension of the US-Iran ceasefire, turning out to be a key factor that offers some support to […]

EUR/USD softens to near 1.1750 amid extended US‑Iran ceasefire

EUR/USD softens to near 1.1750 amid extended US‑Iran ceasefire

The EUR/USD pair trades in negative territory near 1.1750 during the early Asian session on Wednesday. The ongoing conflict between the United States and Iran, as well as uncertainty surrounding the Strait of Hormuz blockade, weighs on the Euro (EUR) against the US Dollar (USD).  US President Donald Trump announced late Tuesday that he was extending a […]