The Euro sinks on its own rate hike
The Euro did something this week that ought to be impossible: it fell in the same fortnight the European Central Bank (ECB) delivered its first interest rate hike since 2023. EUR/USD slid to a fresh multi-week low near 1.1400 before clawing back to a tentative floor around 1.1450; the lesson is that not every rate […]
Iran closes the Strait of Hormuz amid ceasefire deal violation
Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: “Do not approach the Strait of Hormuz; otherwise, your […]
The Canadian Dollar ditches Crude Oil for Gold
The textbook calls the Canadian Dollar a petro-currency, which means that with a Middle East war keeping Crude Oil bid, the Loonie should be holding its own. Instead it spent this week sliding to a fresh 14-month low against the Greenback, capping a run in which the US Dollar has closed higher in six of […]
Did the market buy the Iran deal twice?
Brent is back near $80 and West Texas Intermediate near $77, which means the Oil market has handed back almost the entire premium it built over nearly four months of open war with Iran. The tape is treating this week’s US-Iran memorandum as a finished peace: Blockade lifted, Strait of Hormuz reopening, Iranian barrels cleared […]
Uptrend intact as bulls eye 1.4200
The USD/CAD pair rises during the North American session, up 0.27% on Friday and over 1.34% for the week, with the pair remaining upward-biased and set to test higher prices seen last year. At the time of writing, the pair trades at 1.4175, after bouncing off daily lows of 1.4131. USD/CAD Price Forecast: Technical outlook […]
Limited upside as policy diverges – Nordea
Nordea’s research suggests EUR/USD upside is constrained in coming months by interest rate differentials and relative growth. The European Central Bank is seen closer to the end of its hiking cycle than the Federal Reserve, while Eurozone data remain softer than US figures. Nordea still projects a modest EUR/USD recovery over the longer term as […]
Fails near 0.8100; bulls retain control
The USD/CHF pair builds on this week’s solid rebound from the 0.7900 mark and gains strong follow-through positive traction for the third consecutive day on Friday. The momentum lifts spot prices closer to the 0.8100 mark, or the highest since November 2025, during the first half of the European session, and is sponsored by a […]
Indonesian Rupiah inches higher despite MSCI’s concerns regarding investability
USD/IDR depreciates after three days of consecutive gains, trading around 17,840 during the Asian hours on Friday. However, the Indonesian Rupiah (IDR) and local equities face heightened risk after Morgan Stanley Capital International (MSCI) raised serious concerns regarding the country’s investability, pointing to coordinated trading and opaque shareholdings. This warning exacerbates pressure on Indonesia, currently […]
US Dollar touches one-year high, Pound slips on BoE hold
Here is what you need to know on Friday, June 19: The US Dollar Index (DXY) firmed near 100.80 on Thursday, a level it hadn’t seen since May 2025, after the Federal Reserve (Fed) left interest rates unchanged in the 3.50%-3.75% range in Kevin Warsh’s first policy meeting as Fed Chair on Wednesday. The Fed […]
British Pound slips as BoE holds rates, Fed’s cautious stance supports Greenback
The GBP/USD pair trades near a two-month close to the 1.3210 level on Thursday as the Pound Sterling (GBP) struggles to gain traction after the Bank of England (BoE) left interest rates unchanged at 3.75%, while the US Dollar (USD) remains supported by the Federal Reserve’s (Fed) cautious policy message. The BoE voted 7-2 to […]
