Stable path with renewed carry interest – ING
ING analysts Muhammet Mercan, Frantisek Taborsky and James Wilson note that the Turkish Lira (TRY) has stabilised after US-Iran tensions eased, with the Central Bank of Turkey (CBT) maintaining market confidence and a steady USD/TRY path. They highlight reduced but now recovering TRY long positions, lower FX reserves, and project USD/TRY to move gradually toward […]
Supply shock sustains inflation risks – Rabobank
Rabobank Senior FX Strategist Jane Foley notes that while risk sentiment has improved and the Dollar’s safe-haven bid has faded, the physical Oil market tells a different story. With the Strait of Hormuz closed, she expects Oil flows to recover only to 80% of pre-war levels by late August, implying persistent inflation and demand disruption […]
War gains unwind as allies resist blockade – DBS
DBS Group Research’s Philip Wee notes that the US Dollar (USD) has given back most of its Iran‑war related strength, with the US Dollar Index (DXY) down this month and nearing pre‑conflict levels. He links Dollar softness to resilient equities, contained Brent prices below $100, and a growing refusal by US allies to escalate the […]
Eurozone Industrial Production rises faster by 0.4% MoM in November vs. 0.3% estimates
The Eurozone industrial sector activity rises 0.4% in February, faster than estimates of 0.3%, according to data published by Eurostat on Wednesday. In January, the Industrial Production data declined by 0.8%, revised higher from -1.5%. On an annualized basis, the industrial output declined steadily by 0.6%, while it was expected to have contracted at a faster pace […]
Overbought rally eyeing 1.3605 – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that GBP/USD extended gains to 1.3590, with short-term conditions remaining overbought. They see scope for a further push toward 1.3605, while judging the 1.3640 resistance as likely out of reach for now. Over the next 1–3 weeks, further Pound strength is expected […]
Australian Dollar gains support from US–Iran talks optimism
AUD/USD gains ground for the third successive day, trading around 0.7120 during the Asian hours on Wednesday. The pair appreciates as the Australian Dollar (AUD) receives support from improved market sentiment due to the potential for further United States (US)-Iran talks. The New York Post reported that US President Donald Trump signaled negotiations could resume […]
Growth resilience faces external risks – DBS
DBS economist Chua Han Teng highlights that Singapore’s 1Q26 GDP growth was resilient, with real GDP up 4.6% year-on-year, but warns that the Iran war shock and global slowdown pose downside risks. DBS maintains its 2026 real GDP growth forecast at 2.8%, broadly aligned with MAS expectations for the output gap to average around zero […]
MAS tightening supports Singapore Dollar – MUFG
MUFG’s Senior Currency Analyst Michael Wan notes that the Monetary Authority of Singapore (MAS) tightened its exchange rate policy in April by slightly increasing the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) band, becoming the first Asia-ex-Japan central bank to tighten policy after the Iran conflict. MAS raised both headline and core […]
GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand
The Pound Sterling (GBP) advances on Tuesday as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar (USD) weakens amid a hot US inflation report that missed forecasts of a higher print. At the time of writing, the GBP/USD pair trades near 1.3590, gaining 0.61%. Sterling […]
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 […]
