Japanese Yen underperforms as Iran conflict prompts BoJ policy uncertainty
The Japanese Yen (JPY) trades lower against its major currency peers, with the USD/JPY pair rising to near 157.75, in the late Asian trade on Friday. The Japanese currency is under pressure as market participants expect the Bank of Japan (BoJ) to hold interest rates steady for a prolonged period amid conflicts in the Middle […]
New Zealand Dollar gathers strength above 0.5900 ahead of US jobs data
The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday. Iran has retaliated by firing missiles and drones across the Gulf region, striking […]
US President Donald Trump says Iran wants talks but it’s 'too late’
US President Donald Trump said that Iranian officials reached out him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to completely destroy Iran. Source link
USD/MXN jumps above 17.70 as Middle East war spurs risk-off
The Mexican Peso (MXN) depreciates sharply on Thursday as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar (USD). Additionally, solid jobs data in the US decreased the chances that the Federal Reserve (Fed) might cut rates twice this year. At the time of writing, the USD/MXN pair […]
Rate cut repricing and inflation risks – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been one of the better performing G10 currencies recently, supported by reduced expectations for Bank of England easing. The bank no longer expects further BoE rate cuts this year, citing sticky UK inflation, higher gas prices and the UK’s sensitivity to energy costs, which […]
Growth, energy and cut risks – TD Securities
TD Securities analysts see the Bank of Canada balancing trade uncertainty, higher Oil prices and domestic demand. They say GDP must run above potential to avoid disinflationary risks and rate cuts, and that Q1 data will be pivotal. Energy-driven growth and inflation could help keep policy on hold, but consumer and fiscal trends remain more […]
Iran denies comments expressing its willingness to abandon nuclear program – News18
Deputy Foreign Minister Majid Takht-Ravanchi has denied previous reports stating that Iran is ready to abandon its nuclear program on the condition that the United States presents a rewarding alternative offer, News18 reported, citing the state-run Iranian Republic News Agency (IRNA). The news couldn’t be immediately confirmed. According to the News18 report, Takht-Ravanchi has clarified […]
Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted. They highlight tight EU gas storage, significant Russian LNG exposure, and a strained global LNG balance as key […]
Australia’s Trade Surplus narrows to 2,631M MoM in January
Australia’s Trade Surplus narrowed to 2,631M MoM in January versus 3,373M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for 3,900M. Further details reveal that Australia’s Exports declined by 0.9% MoM in January from a rise of 0.9% seen a month earlier (revised from […]
Safe haven support and BoJ path – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses USD/JPY backing off highs near 158 as profit taking and hawkish comments from BoJ Governor Ueda support the Japanese Yen. The bank highlights Japan’s vulnerability to higher energy prices but stresses the Yen’s safe haven role. Foley forecasts USD/JPY moving back to 145 on a one-year horizon, assuming […]
