AUD/USD rallies to 10-day highs near 0.7200 amid US Dollar weakness
The Australian Dollar (AUD) accelerates its rally against a weak US Dollar (USD) on Monday, reaching 10-day highs at 0.7190 at the time of writing, after bouncing from lows near 0.7100 last week. News of a peace proposal from Tehran and hopes that high energy prices will boost inflation and force the Reserve Bank of […]
Gold holds range as USD softens, focus shifts to FOMC meeting
Gold (XAU/USD) struggles to build on a modest intraday move up, though it manages to hold above the $4,700 mark through the first half of the European session on Monday. Iran reportedly gave the US a new proposal on reopening the Strait of Hormuz and ending the war, with nuclear negotiations postponed for a later […]
AUD/JPY gathers strength above 114.00 on Iran truce proposal
The AUD/JPY cross gathers strength to around 114.15 during the early European session on Monday. Reports that Iran gave the US a proposal for reopening the Strait of Hormuz and ending the war improve market sentiment, supporting the riskier currencies such as the Australian Dollar (AUD). The Bank of Japan (BoJ) interest rate decision and Australian inflation […]
Canadian Dollar advances as oil prices gain on stalled US–Iran peace talks
USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US). West Texas Intermediate (WTI) oil price receives support after […]
Iran war will end soon, and we will be victorious
US President Donald Trump said an Iran war will end soon and the US will be victorious, FOX News reported on Sunday. His remarks came as Trump called off that delegation to Pakistan to potentially discuss directly with Iran. Key quotes Incident wont deter me from winning in Iran war. Iran war will end soon, and […]
WTI Oil falls as fragile Iran-US talks, weak US sentiment cap gains
West Texas Intermediate (WTI) US Oil trades around $92.55 at the time of writing on Friday, down 3.28% on the day, marking a notable pullback after reaching recent highs earlier in the week. This move comes as markets reassess expectations for a swift de-escalation in tensions between Iran and the United States (US). Iran’s Foreign […]
Revenue resilience after IEEPA ruling – Standard Chartered
Standard Chartered economists Dan Pan and Steve Englander assess the impact of the United States (US) Supreme Court’s IEEPA ruling on US tariff revenue. They note that tariff income has fallen but remains well above pre-Liberation Day levels. The report highlights temporary support from Section 122 tariffs and potential further declines as remedies expire and […]
Iran’s Araghchi tours three capitals; is Trump boxed in?
Iran’s Foreign Minister Abbas Araghchi landed in Islamabad on Friday evening to open the long-delayed second round of talks with the US, and special envoy Steve Witkoff and senior adviser Jared Kushner are due in on Saturday morning. The optics point to a breakthrough, but the substance is thinner than the headline suggests. Both sides […]
Growth hit by energy shock – Commerzbank
Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the sharp fall in the Ifo Business Climate Index underlines how severely the energy price shock is weighing on the German economy. He estimates German growth in 2026 will be around 0.6%, or just 0.3% adjusted for working days, and warns that prolonged closure of the Strait […]
NZD/USD rises as US Dollar weakens on renewed US-Iran talks hopes
The New Zealand Dollar (NZD) gains traction against the US Dollar (USD) on Friday as the Greenback weakens amid renewed hopes for US–Iran talks after stalled negotiations. At the time of writing, NZD/USD is trading around 0.5880, up nearly 0.46% on the day and poised for a third consecutive weekly gain. Market sentiment improves after […]
