The Federal Reserve executed a hawkish hold yesterday. The increase in US rates has catalysed a notable appreciation of the dollar, which has continued to gain ground slightly today. The new Fed chair garnered predominantly positive evaluations and undermined the narratives that depicted him as subservient to the president’s preferences. He consistently emphasised his and Read More
Preparations for the Federal Reserve’s first policy decision under Chair Kevin Warsh weighed on Wednesday, causing the dollar to weaken. Risk appetite was supported by residual optimism over an interim U.S.-Iran peace accord, which dampened demand for the U.S. currency. The yen found little respite against a weaker greenback and teetered further into intervention territory, 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 U.S. dollar reached a 10-day low against its major counterparts on Monday, following a preliminary agreement aimed at concluding the conflict between the U.S. and Iran. This development led to a decline in oil prices and an increased appetite for riskier assets. U.S. and Iranian officials announced on Sunday that they have reached an 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 U.S. dollar experienced fluctuations on Thursday due to new U.S. strikes in the Middle East, which negatively impacted market sentiment. Additionally, a spike in May U.S. consumer inflation reaching a three-year high contributed to investor apprehension regarding the Federal Reserve’s monetary policy outlook. The currency markets have exhibited a subdued performance this week, as Read More
The dollar maintained its position against major counterparts on Wednesday following the United States’ military actions in Iran, as investors looked ahead to crucial U.S. inflation figures for insights into the Federal Reserve’s policy direction. The U.S. military on Tuesday initiated strikes against Iran following President Donald Trump’s assertion that Tehran had downed a U.S. 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 slight depreciation, yet remains confined within established trading ranges. The dollar continues to gradually weaken against the Chinese yuan. Today, the offshore yuan reached a new three-year low, despite the PBOC adjusting the dollar’s fix marginally upward. Meanwhile, the greenback is trading in a narrow range near yesterday’s high against the Read More
