AUD/JPY gathers strength above 114.00 on Iran truce proposal

AUD/JPY gathers strength above 114.00 on Iran truce proposal

The AUD/JPY cross gathers strength to around 114.15 during the early European session on Monday. Reports that Iran gave the US a proposal for reopening the Strait of Hormuz and ending the war improve market sentiment, supporting the riskier currencies such as the Australian Dollar (AUD). The Bank of Japan (BoJ) interest rate decision and Australian inflation […]

Canadian Dollar advances as oil prices gain on stalled US–Iran peace talks

Canadian Dollar advances as oil prices gain on stalled US–Iran peace talks

USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US). West Texas Intermediate (WTI) oil price receives support after […]