Growth resilience but downside risks – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights that improving regional PMI momentum, South Korea’s WGBI inclusion and solid export data support growth across Asia-Pacific, but geopolitical uncertainty and higher Oil prices weigh on FX. The bank sees investors focused on risk reduction, with policy support cushioning equities while remaining negative for regional currencies […]
GBP/USD dives to 1.3180 as Middle East tensions lift the US Dollar
The British Pound collapses on Monday as Middle East escalations push the Greenback higher, while Oil prices extend their gains for the fourth consecutive trading day. At the time of writing, the GBP/USD trades at 1.3184, down by more than 0.50%. Sterling sinks as oil rises, Fed bets ease, UK outlook dims ahead Market mood […]
Dovish tone and long hold signalled – TD Securities
TD Securities analysts anticipate the Bank of Canada’s (BoC) March Summary of Deliberations will maintain a dovish tone, stressing excess supply and disinflation. They argue the BoC has ended its easing cycle and will hold the overnight rate at 2.25% through 2026, looking through higher headline inflation before hiking back toward neutral in early 2027. […]
USD/JPY pulls back to 159.50 amid rising intervention warnings
The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached on Monday, a level considered a line in the sand for Japanese authorities. Japan’s Top Currency Diplomat, Atsushi Mimura, observed earlier on Monday about rising speculative activity in currency markets and affirmed […]
Policy hints and intervention risk support Yen – Deutsche Bank
Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary. The Bank of Japan’s (BoJ) Summary of Opinions contained hawkish elements, including discussion of potentially accelerating rate hikes if Middle East tensions persist, supporting […]
Pulls back on intervention talk, bias stays up
The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak. Spot prices drop to a fresh daily trough, around the 159.70-159.65 region in the last hour, though the downside potential […]
US Dollar Index trades broadly firm above 100.00 amid fears of widening Iran conflicts
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower near 100.15 in the Asian trading session on Monday after retracing from its intraday high of 100.35. Still, the USD Index is close to its two-week high. US Dollar Price Last 7 Days The table below shows the […]
Australian Dollar opens lower as Iran warns against US ground military action
The Australian Dollar (AUD) trades lower against its major currency peers at the start of the week, trading 0.27% lower to near 0.6850 against the US Dollar (USD) in the opening trade. The antipodeans face selling pressure as investors worry that conflicts in the Middle East are set to widen amid fears that the United […]
Gold reclaims $4,500 as softer US Dollar offers support amid Iran tensions
Gold (XAU/USD) edges higher on Friday, rebounding after falling nearly 2.75% the previous day, as evolving geopolitical headlines around the US-Israel war with Iran continue to drive volatility across global markets. At the time of writing, XAU/USD is trading around $4,527, up over 3.00% on the day. Meanwhile, a modest pullback in the Greenback is […]
WTI Oil surges on Middle East war fears, Hormuz supply risks
West Texas Intermediate (WTI) US Oil rises sharply and trades around $96.00 at the time of writing on Friday, up 3.55% on the day. The Oil market remains driven by heightened geopolitical uncertainty, as investors increasingly price in a prolonged conflict involving Iran, with potential long-term disruptions to global energy supply. After a brief easing […]
