The US dollar is stronger against the majority of the G10 currencies. The two exceptions stand out significantly. The Norwegian krone stands out as the strongest currency, potentially bolstered by the recent increases in oil prices. The yen stands as the other exception. Comments from BOJ Governor Ueda led to an increase in the swap Read More
The dollar is currently consolidating primarily within the ranges observed at the conclusion of the previous week. The market persistently evaluates the determination of Japanese officials. The greenback is maintaining its position above JPY159 and has not dipped below this level since the previous Monday. Most emerging market currencies are starting the week on a Read More
The dollar exhibits a mixed performance against the G10 currencies, predominantly trading within narrow ranges. The New Zealand dollar, which surged yesterday following a hawkish hold by the central bank, stands as the strongest among the G10 currencies. It has increased by nearly 2% this week. Sterling and the Japanese yen represent the sole G10 Read More
The dollar extended its weakness against major currencies on Friday and was on track to end the week lower, following reports that the U.S. and Iran reached an agreement to extend the ceasefire in the Middle East and lift restrictions on shipping through the Strait of Hormuz. The deal, still awaiting Trump’s approval, aims to Read More
The market has absorbed the escalation of hostilities in the Middle East with relative composure. The response in the capital markets has been relatively subdued, with a noticeable contraction in risk appetites, as evidenced by the declines in equities. The dollar exhibits strength against the majority of currencies, although the yen has rebounded from its Read More
The dollar is showing a varied performance. Backed by a hawkish position from the Reserve Bank of New Zealand, the New Zealand dollar excels against the G10 currencies, recording an increase of almost 0.75%. Conversely, the subdued Australian CPI has elicited a dovish response in the interest rate market, leading to a decline of around Read More
The US dollar is exhibiting a marginally stronger position against the majority of currencies today. Recent hostilities in the Middle East conflict have dampened expectations for a prolonged ceasefire; however, such clashes are typical in these contexts. On Polymarket, the probability that the Strait of Hormuz will open by the end of June has decreased Read More
The dollar experienced losses on Tuesday as investor optimism grew regarding a potential agreement to reopen the vital Strait of Hormuz and conclude the three-month-long conflict in Iran. However, recent U.S. strikes on Iranian targets dampened overall sentiment. Despite the low likelihood of a deal materialising in the near term, optimism surrounding peace negotiations has Read More
The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down the chances of reaching an agreement with Iran soon. Against the yen, the U.S. dollar experienced a decline of Read More
The dollar remained close to a six-week high on Friday, following a turbulent overnight session marked by mixed signals regarding a U.S.-Iran peace deal. Nevertheless, investors clung to hopes of potential progress. Washington and Tehran maintained their divergent positions regarding Iran’s uranium stockpile and the control of the Strait of Hormuz. However, U.S. Secretary of Read More
