US-Iran tensions support prices – ING

US-Iran tensions support prices – ING

ING analysts Warren Patterson and Ewa Manthey note renewed strength in Oil, with ICE Brent rallying back above $82/bbl as obstacles to a US-Iran deal persist. They highlight Iranian demands around the Strait of Hormuz and limited signs of compromise. ING still expects Brent to average $80/bbl in the third quarter, while stressing significant risks […]

Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data

Australian Dollar holds losses against Japanese Yen following China’s Trade Balance data

AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in global safe-haven demand. Escalating tensions in the Strait of Hormuz have rattled market stability, sparking widespread skepticism over whether this vital shipping route will […]

Upside risk capped against US Dollar – UOB

Upside risk capped against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed broadly flat on Wednesday, trading between 1.2804 and 1.2825 and closing at 1.2810. Their Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model suggests the basket will remain 1.5–2.0% above its mid-point, implying a 1.2756–1.2820 range. Near term, downside risk persists […]