Swiss Franc advances as risk-on mood weakens USD

Swiss Franc advances as risk-on mood weakens USD

USD/CHF extends its losing streak for the fourth consecutive day, trading around 0.7820 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) declines on fading safe-haven demand amid increasing optimism over a potential US-Iran agreement, which has eased broader market concerns about inflation and impending Federal Reserve (Fed) interest rate […]

WTI tumbles 5% on renewed hopes of the Strait of Hormuz reopening

WTI tumbles 5% on renewed hopes of the Strait of Hormuz reopening

West Texas Intermediate (WTI) – the US oil benchmark – has witnessed a steep bearish opening gap on Monday, now losing nearly 5%, on its way to surrendering the $90 threshold. The sell-off in the black gold is fuelled by the renewed optimism over a likely reopening of the Strait of Hormuz, which could ease […]

Canadian Dollar weakens as US-Iran uncertainty and hawkish Fed bets support Greenback

Canadian Dollar weakens as US-Iran uncertainty and hawkish Fed bets support Greenback

The Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Friday as traders look past stronger Canadian Retail Sales figures and keep their attention on developments surrounding US-Iran negotiations. At the time of writing, USD/CAD is trading around 1.3818, its highest level since April 13. Data released by Statistics Canada showed […]