Range-bound against US Dollar ahead of ECB – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight the Euro (EUR) trading quietly against the US Dollar (USD) in a tight low-1.14 range, with limited reaction to stronger ZEW sentiment data. Short-term rates have stabilized after a hawkish repricing, supporting EUR via yield spreads. Markets expect little change from the July European Central Bank (ECB) […]
Australian Dollar hits fresh monthly highs above 0.7020 as risk aversion ebbs
The Australian Dollar (AUD) is showing one of the best performances among major currencies on Tuesday, appreciating to fresh one-month highs against the US Dollar, amid hopes of a ceasefire in Iran. The AUD/USD pair extends gains for the second consecutive day to reach levels above 0.7020 for the first time since mid-June. A mild […]
Trade dispute weighs on outlook – Commerzbank
Volkmar Baur at Commerzbank notes that new United States (US) tariffs of 50% on selected Canadian dairy, alcohol and automobile products under Section 338 will remove United States-Mexico-Canada Agreement (USMCA) exemptions. While the Canadian Dollar’s (CAD) initial reaction was muted, he argues this trade dispute will dominate CAD news in coming weeks and that the […]
XAG/USD surges to near $58.20 as oil price rally hits pause
Silver price (XAG/USD) is up over 3% to near $58.20 during the early European trading session on Tuesday. The white metal surges as the rally in oil prices has halted amid hopes of renewed diplomatic efforts between the United States (US) and Iran after significant military aggression in the past few weeks. At press time, […]
British Pound struggles as traders evaluate BoE policy, UK political developments
GBP/USD steadies after three days of losses, trading around 1.3430 during the Asian hours on Tuesday. After recently surging toward two-month highs near 1.3550, the pair has moderated as foreign exchange traders evaluate shifting monetary policies between the Bank of England (BoE) and the US Federal Reserve (Fed) alongside political developments in the United Kingdom […]
Upside bias against US Dollar below 6.7820 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see USD/CNH consolidating intraday between 6.7710 and 6.7820 after quiet recent trading. For the next 1–3 weeks, the pair is expected to trade with a downside bias toward 6.7600, provided 6.7820 strong resistance is not clearly breached. On a multi-month view, a sustained recovery […]
Mexican Peso gains as risk appetite boosts Peso, weighs on USD
The Mexican Peso gains some ground versus the Greenback on Monday, up by 0.66% as risk appetite improves despite escalating tensions in the Middle East. At the time of writing, the USD/MXN trades at 17.43 after hitting a daily high of 17.55 USD/MXN falls as EM demand offsets Middle East risk Geopolitics are driving financial […]
Trump declares retaliation against Iran automatic in Truth Social post
Donald Trump opened the week on Truth Social with a promise that every American soldier killed by Iran will be repaid many times over, a directive he says has been passed to Secretary of War Pete Hegseth, Joint Chiefs of Staff Chairman Daniel Caine, and every leader in the military. The post lands after a […]
Rate divergence weighs CAD against US Dollar – TD Securities
TD Securities strategists note that softer Canadian Consumer Price Index (CPI) is lifting USD/CAD as rate divergence remains a key driver. They argue broad US Dollar (USD) strength should limit USD/CAD downside below 1.40 and see higher Oil prices as CAD-supportive on crosses but not versus USD. Their forecast keeps USD/CAD near 1.39 through H2 […]
Geopolitical shocks tighten crude and diesel markets – Rabobank
Rabobank says renewed U.S.-Iran tensions, Russia-Ukraine strikes and CPC loading disruptions have lifted crude and refining margins sharply. Brent briefly topped $90, while severe diesel-market tightness is feeding through to export policy and U.S. pump prices. Geopolitical shocks drive crude repricing “The escalation between the U.S. and Iran following the collapse of the interim peace […]
