Strait of Hormuz open to all shipping except Iran

Strait of Hormuz open to all shipping except Iran

United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that the US would impose a “FULL Blockade” only on vessels travelling to or from Iranian ports or carrying Iranian cargo. Trump claimed that Oil shipments […]

RBNZ hawkish repricing supports Kiwi – MUFG

RBNZ hawkish repricing supports Kiwi – MUFG

MUFG’s Lee Hardman reports the New Zealand Dollar is the top G10 performer overnight, helped by a hawkish shift in RBNZ rate expectations. After last week’s hike, RBNZ’s Chief Economist Paul Conway flagged upside risks to the September inflation forecast from Middle East developments and warned of a response if pressures persist. Markets now anticipate […]

Indian Rupee slumps as oil prices surge, US CPI data awaited

Indian Rupee slumps as oil prices surge, US CPI data awaited

The Indian Rupee trades significantly lower against the US Dollar (USD) on Tuesday. The USD/INR pair posts a fresh seven-week high near 96.20 as surging oil prices and United States (US) Treasury Yields due to threats of levy from Washington have weakened the appeal of the Indian currency. In the opening session, the MCX Crude […]