Investors remain uncertain about the specific details of the memorandum of understanding between the US and Iran. However, they seem to be confident enough to push July WTI to a new two-month low, while August Brent has reached three-month lows. Softer oil prices are contributing to a reduction in interest rates, while peripheral European benchmark Read More
The prospect of a deal between the US and Iran has enhanced risk-taking appetites today, despite the ambiguity surrounding the agreement’s details and the apparent differences in interpretation between Washington and Tehran regarding what has been settled. Brent and WTI are approaching their lowest levels in two months. Stocks and bonds have experienced a rally. Read More
The US dollar is generally weaker, with the Canadian dollar exhibiting the most pronounced weakness among the G10 currencies. The swaps market has nearly fully discounted a BOJ hike for later this month, while the greenback continues to hover near, but below, JPY160. Japan’s finance minister has maintained a firm stance, reiterating that the country Read More
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 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 is exhibiting a stronger tendency, rebounding from the previous day’s declines during the North American afternoon session. A disappointing employment report coupled with a lacklustre PMI has positioned the Australian dollar as the weakest among the G10 currencies, a notable shift from its leading status just a day prior. The dollar continues to Read More
