Iran confirms US negotiations, says ceasefire hinges on finalising 10-point proposal
An Iranian official stated that it has accepted a two-week ceasefire after US President Donald Trump said he would suspend attacks, subject to Tehran agreeing to fully reopen the Strait of Hormuz. Iran added that negotiations with the US will be held in Islamabad, Pakistan, to finalize details, aiming to confirm Iran’s battlefield achievements politically within […]
Sideways as Hormuz risks linger – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note that Asian FX, including South Korean Won (KRW), has traded slightly firmer on hopes of de-escalation in the Middle East, but stresses that geopolitics remains the key driver. They argue that any further relief rally in Asian FX will depend on concrete details around a potential […]
EUR/USD gains as Trump’s Iran deadline approaches
The Euro (EUR) rises against the US Dollar (USD) on Tuesday, as the Greenback softens amid cautious market sentiment ahead of a deadline set by US President Donald Trump for Iran to reach a deal or open the Strait of Hormuz. At the time of writing, EUR/USD is trading around 1.1571, extending gains for the […]
Softer inflation may delay Riksbank hikes – TD Securities
TD Securities analysts note Swedish CPIF and CPIF ex-Energy inflation for March surprised sharply to the downside, driven mainly by weaker Food and Recreation, Sport & Culture prices, partly offset by petrol. They highlight that the central bank of Sweden, Riksbank had recently leaned hawkish, but argue that unless this weak inflation is quickly reversed, […]
Firm tone but capped below 162.00 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY traded quietly between 159.28 and 159.82, closing at 159.68, with a firm underlying tone. The pair is expected to hold a slightly higher intraday range of 159.40–159.95 and a broader 158.80–160.45 band over the next one to three weeks. Longer term, there […]
De-escalation seen softening Dollar trend – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong note that global markets are cautious as Hormuz risks and energy disruptions threaten to evolve into a broader energy shock. Survey data already show rising input costs and longer delivery times. They argue that a credible de-escalation in the Middle East would likely support global risk assets […]
Holds near $105.50 as Trump Iran deadline looms
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day. The commodity currently trades just below mid-$105.00s, up over 1.5% for the day, ahead of US President Donald Trump’s deadline for […]
PBOC sets USD/CNY reference rate at 6.8854 vs. 6.8929 previous
On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8854 compared to last Friday’s fix of 6.8929 and 6.8773 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and […]
USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid
USD/JPY traded flat on Monday, edging up less than 0.1% to settle around 159.60 in a quiet session ahead of the US data release. The pair has been consolidating in a roughly 150-pip band between 158.50 and 160.00 since early April, with the week’s high near 160.30 capping upside attempts and buyers stepping in on […]
Rejected at 0.8000 as double top looms
USD/CHF failed to clear key resistance at 0.8000 on Monday, recoiling to the 0.7900 handle as a double-top chart pattern looms. At the time of writing, the pair trades at 0.7979, down 0.18%. USD/CHF Price Forecast: Technical Outlook The technical picture shows that USD/CHF has enjoyed a steady recovery since bottoming at the yearly low […]
