Bearish setup as valuation gap narrows – Scotiabank

Bearish setup as valuation gap narrows – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is making modest gains versus a softer US Dollar (USD), though it lags core majors and weakens on crosses. They estimate USD/CAD equilibrium at 1.3527, with undervaluation correcting mainly via Dollar softness. Seasonality is strongly bearish for USD/CAD in April, while recent political […]

AUD/USD rallies beyond 0.7100 amid hopes of new US-Iran peace talks

AUD/USD rallies beyond 0.7100 amid hopes of new US-Iran peace talks

The Australian Dollar (AUD) appreciated for the second consecutive day against the US Dollar (USD) on Tuesday, reaching four-week highs above 0.7120 at the time of writing and drawing closer to the 2026 high at 0.7187. News from Iran keeps driving markets on Tuesday, with reports hinting at a new round of negotiations between the […]

Middle East war lifts inflation risks, outlook unclear

Middle East war lifts inflation risks, outlook unclear

European Central Bank (ECB) Governing Council member Olli Rehn said that the damage inflicted on energy production infrastructure in the Middle East could have lasting consequences, even after the most intense phase of the conflict ends. According to him, efforts to repair and rebuild these facilities could continue long after the acute phase of the […]