Iran denies any talks with US following Trump’s remarks
Iran’s Foreign Minister, Abbas Araghchi, stated that there was “no dialogue” between Tehran and Washington. Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a social media post on Monday that “no negotiations have been held with the US.” Mohsen Rezaei, the senior military adviser to Iranian Supreme Leader Mojtaba Khamenei, said that the war […]
NZD/USD rises as risk sentiment improves, US Dollar consolidates
The NZD/USD pair is trading near the 0.5860 price region at the start of the Asian session, having receded almost half its intraday gains late in the American session. The earlier gains came amid a boost in global risk appetite, which rose after Donald Trump signaled a potential de-escalation of tensions with Iran, stating that […]
US Dollar and Oil fall as Trump signals Iran de-escalation
Here is what you need to know for Tuesday, March 24: The US Dollar Index (DXY) fell below the 100 mark on Monday and is now trading at 99.10, as improved risk appetite offsets support from steady yields and cautious expectations for the Federal Reserve. Markets kicked off the week with a positive tone after […]
GBP/USD rises as Trump signals Iran de-escalation, US Dollar sinks
The Pound Sterling (GBP) appreciates sharply against the US Dollar (USD) on Monday after US President Donald Trump postponed further military action against Iran, adding that talks between the two countries were productive and could end hostilities in the Middle East. At the time of writing, GBP/USD trades at 1.3459, up by more than 0.90%. […]
Early insurance hike risks and data focus – Societe Generale
Societe Generale economists Fabien Bossy, Michel Martinez, Anatoli Annenkov and Sam Cartwright argue that the ECB is edging toward discussing early insurance rate hikes after the recent energy shock. They see around 50bp of room before policy becomes restrictive and stress that upcoming PMIs, inflation data, energy prices and financial conditions will be crucial for […]
Verbal support and BoJ hike risk cap upside – MUFG
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has been more resilient than other G10 currencies versus the US Dollar, with USD/JPY holding just below 160.00. Verbal intervention from Japanese officials and growing speculation about a possible BoJ rate hike, supported by robust wage gains, are helping to limit further Yen weakness […]
Haven bid challenged by hawkish G10 wall – DBS
DBS Group Research economist Philip Weeargues that although risk aversion from the Iran conflict usually supports the Dollar, this time the USD’s haven appeal may prove short-lived. He points to a Fed pause versus G10 rate hikes and pressure on US Treasuries from rising fiscal concerns. The backdrop recalls last year’s credibility hit from Liberation […]
GBP/JPY struggles to sustain gains amid mixed cues, stays below 212.50
The GBP/JPY cross attracts some dip-buyers near the 211.85 region during the Asian session on Monday, though it lacks follow-through and remains confined in a range held over the past week or so. Spot prices currently trade just below mid-212.00s, nearly unchanged for the day amid mixed fundamental cues. The British Pound (GBP) is pressured […]
WTI hovers around 98.00 due to persistent Middle East supply concerns
West Texas Intermediate (WTI) crude eases from intraday highs but remains elevated near $98.10 per barrel during Monday’s Asian session, supported by persistent Middle East supply concerns. US President Donald Trump has reportedly given Iran a 48-hour deadline to reopen the Strait of Hormuz or risk strikes on its energy infrastructure. Separate reports indicate Washington […]
WTI climbs on Iran’s revenge response to Trump’s 48-hour ultimatum
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday with a bang, extending Friday’s 3.5% advance to briefly regain the $100 level. The latest leg higher in the black gold comes on the back of a new phase of escalation in the Middle East, induced by US President Donald Trump on Saturday. […]
