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 dollar stabilised in early trading on Friday, following a decline to its lowest level in a week as traders analysed reports suggesting that a ceasefire agreement in the Middle East might be forthcoming. Against the yen, the U.S. currency appreciated by 0.1%, reaching a value of 160.07 yen. The Australian dollar experienced a decline 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 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 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
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
