The US dollar exhibits a mixed performance. The Japanese government has reportedly decided against a formal overhaul of the allocation of the government’s pension funds, contrary to prior indications before the weekend. As a result, both the yen and JGBs are experiencing a softer performance today. Since last week’s hawkish hold by the Reserve Bank Read More
The US dollar is exhibiting a weaker performance against the majority of currencies today.The primary characteristic is the yen’s recovery, which is not a result of significant intervention but rather a response to the finance minister’s appeal for Japanese pension funds to increase their investments in domestic assets. The Nikkei experienced a rally of 1.2%, Read More
With the uncertainty of the current geopolitical landscape, the US dollar is primarily stabilising, exhibiting a weaker tendency against the G10 currencies. Outside of the New Zealand dollar, which continues to benefit from yesterday’s rate hike, and the Canadian dollar, exhibiting slight weakness, the remaining G10 currencies are experiencing gains of less than 0.15% as Read More
The US dollar exhibits strength against the G10 currencies, with the exception of the Japanese yen.It is currently positioned around the JPY162 mark during the European morning, with options amounting to $2.2 billion set to expire later today. Germany reported a 0.9% rise in May industrial output, exceeding expectations and aligning with the largest increase Read More
Two significant developments have emerged this week, both of which are clearly observable today. The first is the ongoing decline in oil prices. August WTI has declined nearly 9% this week, following a similar drop last week and a 5.25% decrease the week prior. It is currently around $69, in contrast to just under $66 Read More
The US Dollar’s rally is extending today; however, the market exhibits caution regarding potential intervention by Japanese officials. The Dollar Index has remained stable since last Tuesday. It has increased by slightly over 2% following the Federal Reserve’s hawkish stance announced last week. For the second consecutive session, the dollar is appreciating, despite the absence Read More
Conflicting news from the Middle East initially elevated oil prices and dampened risk-taking appetites; however, US-Iran negotiations persist, with both parties indicating progress. Oil prices have retreated. The dollar is predominantly stronger, yet it has maintained its position above last week’s lows relative to the euro and sterling. The yen halted a five-day decline ahead Read More
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
