Indian Rupee: INR stabilizes on RBI stance – DBS

Indian Rupee: INR stabilizes on RBI stance – DBS

DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank support. Source link

Asian stocks mixed, KOSPI reaches fresh record highs

Asian stocks show mixed results on Tuesday as traders tracked diplomatic progress regarding the US-Iran conflict. Mediators reported that an agreement to reopen the Strait of Hormuz fully is nearing, providing some relief to the markets. Source link

Market sees increases in long-term rates as reflecting global inflation worries

Market sees increases in long-term rates as reflecting global inflation worries

Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that the market sees increases in long-term interest rates as reflecting global inflation worries. Himino further stated that the central bank will consider timing and pace of adjustment while monitoring how Middle East developments affect Japan economy, price and examining likelihood of realizing the baseline scenario.  […]

Rises as bulls eye 0.72 breakout

Rises as bulls eye 0.72 breakout

AUD/USD advances during the North American session, up by 0.70% as the Greenback edges lower while the US and Iran reach a deal to extend a ceasefire by 60 days, which includes the reopening of the Strait of Hormuz. The pair trades at 0.7167 after bouncing off daily lows near 0.7150. AUD/USD Price Forecast: Technical […]