Australian Dollar surges as traders await US CPI, Trump rejects Iran deal

Australian Dollar surges as traders await US CPI, Trump rejects Iran deal

AUD/USD surges toward the 0.7260 region on Monday, supported by improving demand for commodity-linked currencies despite renewed geopolitical tensions after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.” The rejection of the proposal revived concerns about a prolonged conflict in the Middle East and about extended disruptions to […]

Intervention support and rate path – Rabobank

Intervention support and rate path – Rabobank

Rabobank’s Senior FX Strategist Jane Foley discusses the Japanese Yen (JPY), noting that expected endorsement from the United States (US) Treasury for recent Ministry of Finance (MoF) FX intervention should support the currency in the near term. However, Foley argues USD/JPY will only convincingly move lower if Japan’s fundamentals strengthen further and the Bank of […]

 Japanese Yen extends losses despite looming intervention risks 

 Japanese Yen extends losses despite looming intervention risks 

The US Dollar (USD) appreciates against the Japanese Yen (JPY) on Monday, retracing Friday’s losses and returning to levels above 157.00 at the time of writing. The jump in Oil prices after US President Donald Trump’s rejection of Iran’s peace proposal is underpinning the US Dollar’s recovery, with risks of a Tokyo intervention still alive. […]