USD/INR trades near all-time highs due to higher US Dollar demand
USD/INR has recovered its daily losses and is trading near an all-time high of 92.90 in the previous session. However, the pair faced challenges as the Indian Rupee (INR) strengthened, with the Reserve Bank of India (RBI) likely selling US Dollars (USD) to support the domestic currency amid rising Oil price concerns, traders told Reuters. […]
AUD/JPY stays weak above 112.50 as JPY gains on intervention fears
The AUD/JPY cross remains on the back foot for the second consecutive day and trades just above mid-112.00s during the Asian session on Friday. Spot prices, however, lack bearish conviction, warranting some caution before positioning for an extension of this week’s modest pullback from the vicinity of the 114.00 mark, or the highest level since […]
NZD/USD falls to near 0.5900 as risk aversion increases on Middle East war
NZD/USD remains weaker for the third consecutive day, trading around 0.5900 during the Asian hours on Thursday. The pair declines as the US Dollar (USD) remains stronger, as surging energy prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts. The US Dollar Index (DXY), which measures the value of […]
US Dollar drifts higher above 99.00 on Middle East conflict
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.35 during the Asian trading hours on Thursday. The DXY edges higher amid further escalation in the Middle East conflict. The US weekly Initial Jobless Claims report will be published later on […]
Strategic leverage in US–China tensions – Rabobank
RaboResearch highlights that US rare earths inventories may cover only about two months after depletion from the Iran conflict, potentially giving China significant leverage. The report suggests rare earth supplies could shape the duration of US strikes on Iran and constrain US policy options, raising the risk of further escalation or unconventional strategic responses. Short […]
XAG/USD drops as US Dollar strengthens
Silver (XAG/USD) trades lower on Wednesday, hovering around $85.30 at the time of writing, down 2.12% on the day. The precious metal struggles to extend its recent gains as a rebound in the US Dollar (USD) and higher US Treasury yields weigh on demand for non-yielding assets. The US Dollar strengthens following the latest inflation […]
Gold holds above $5,200 as Middle East tensions and weak USD support
Gold (XAU/USD) attracts buyers for the second consecutive day on Wednesday and climbs to the $5,223 area during the Asian session, back closer to a one-week high touched the previous day. The US Dollar (USD) struggles to capitalize on the overnight bounce from a one-week low amid expectations that Crude Oil prices are no longer […]
Consolidation holds with firm support – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar is modestly firmer against a softer Dollar, supported by narrower 1-year swap spreads and resilient risk appetite despite lower Oil. USD/CAD remains well above an estimated fair value near 1.3375, with analysts judging downside CAD risk limited and technicals pointing to firm support […]
Volatility, Hormuz risks and countdown clock – Rabobank
Rabobank strategists Molly Schwartz and Michael Every highlight extreme volatility in Brent, which spiked towards $120 before closing below $90, driven by Saudi supply disruptions, G7 stockpile plans and US policy options. They report stresses that prolonged closure of the Strait of Hormuz could rapidly deplete global Oil inventories and reshape currency pricing of Oil […]
Iran says oil blockade will continue until attacks end, Trump threatens to escalate strikes
Iran says oil blockade will continue until attacks end, Trump threatens to escalate strikes Source link
