Appreciation trend outweighs yield gap – Commerzbank

Appreciation trend outweighs yield gap – Commerzbank

Commerzbank’s Thu Lan Nguyen notes that despite the People’s Bank of China (PBoC) relaxing the cap on US Dollar (USD) deposit rates, the Chinese Yuan has already appreciated about 3% against the Dollar this year. With CNY gains outpacing interest differentials and foreign currency deposits still rising, Nguyen expects the Yuan’s appreciation trend versus the […]

Canadian Dollar softens as Gulf peace hopes weigh on Oil prices

Canadian Dollar softens as Gulf peace hopes weigh on Oil prices

USD/CAD trades in a narrow range on Monday, with the Canadian Dollar (CAD) struggling to capitalize on a softer US Dollar (USD) as a mild pullback in Crude Oil prices weighs on the commodity-linked Loonie. At the time of writing, the pair trades around 1.3950, holding near two-month highs. The US Dollar and Oil prices […]

Supply risks and cautious OPEC+ hike – BNY

Supply risks and cautious OPEC+ hike – BNY

BNY’s Bob Savage reports that Brent and WTI surged around 4–5% as Iran–Israel missile exchanges raised fears of supply disruption and higher global inflation. Savage notes EU natural gas also climbed, while OPEC+ members agreed a modest 188,000 b/d production increase from July 2026 with flexibility to adjust. The balance between conflict risk and incremental […]