Australian Dollar climbs as improving US-Iran ceasefire hopes pressure US Dollar

Australian Dollar climbs as improving US-Iran ceasefire hopes pressure US Dollar

The AUD/USD pair advances toward the 0.7180 region on Friday as the United States (US) Dollar (USD) remains under pressure amid improving market sentiment linked to renewed hopes for a longer-lasting ceasefire agreement between the US and Iran. Investor sentiment improved after US media reports indicated that Washington and Tehran had reached a memorandum of […]

US President Trump says naval blockade will be lifted

US President Trump says naval blockade will be lifted

In a post published on Truth Social on Friday, United States (US) President Donald Trump said that the naval blockade will be lifted and ships caught in the Strait of Hormuz may start the process of “heading home.” “Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must […]

Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data

Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data

USD/CAD reverses its intraday gains on Friday as a softer US Dollar (USD) helps the Canadian Dollar (CAD) recover from weakness driven by softer-than-expected Gross Domestic Product (GDP) figures. At the time of writing, the pair trades around 1.3780 after rising to 1.3829 earlier in the American session. On the geopolitical front, hopes for a […]