EUR/USD depreciates as rising geopolitical tensions in the Strait of Hormuz disrupt global markets. Market caution rises as Iran considers banning US and Israeli ships and penalizing hostile cargo until blockades lift. Rebounding oil prices threaten expectations that falling energy costs would ease pressure on the ECB to cut rates. EUR/USD extends its losses for … Read more
The USD/CHF pair experiences an uptick as rising concerns over the Middle East conflict enhance global demand for safe-haven assets, particularly the USD. Uncertainty surrounding the Federal Reserve’s interest rate policy is becoming increasingly pronounced, driven by escalating oil prices and rising yields that stoke concerns about inflation. Cooling Swiss inflation to 0.4% suggests that … Read more
Scotiabank analysts caution that the diminishing yield spreads between the UK and US are undermining the fundamental support for the British pound. Rising oil prices have rekindled concerns regarding stagflation in the UK, presenting a complex challenge for the Bank of England. Safe-haven demand stemming from the escalating tensions in the Strait of Hormuz has … Read more
USD/CAD rises as uncertainty surrounding Federal Reserve rate hikes dampens broader market sentiment. Shipping restrictions in the Strait of Hormuz persist in exerting upward pressure on global energy prices. Rising crude prices enhance dollar inflows into Canada, thereby offering fundamental support to the Canadian Dollar. USD/CAD continues to build on its upward momentum for the … Read more
Australia’s Trade Surplus reached A$1,929M in June, significantly surpassing expectations, propelled by a 9.6% increase in exports. An Iran-Oman shipping agreement in the Strait of Hormuz has diminished the demand for the US Dollar as a safe haven. US private payrolls increased by a mere 44K in July, falling short of expectations and exerting pressure … Read more
The USD/CHF pair experiences a decline as the US Dollar shows signs of weakening, attributed to a decrease in safe-haven demand. An agreement between Iran and Oman regarding shipping routes in the Strait of Hormuz has heightened expectations for a boost in energy flows from the Middle East. Swiss inflation unexpectedly declined to 0.4% in … Read more
The EUR/USD pair has strengthened, reaching approximately 1.1555 during the early hours of the Asian session on Thursday. US companies added 44,000 jobs in July, according to data. Iran and Oman have reached an agreement regarding the coordinates of maritime routes in the Strait of Hormuz. The EUR/USD pair advances to approximately 1.1555 during the … Read more
USD/JPY softens to approximately 157.65 in the early Asian session on Thursday. Bessent stated that the US supported Japanese Yen intervention to assist in stabilising Asian currencies. The US July jobs data will attract significant attention later on Friday. The USD/JPY pair is currently positioned in negative territory, hovering around 157.65 in the early hours … Read more
On Wednesday, the USD/JPY declined to 157.47, as the Japanese yen halted its recent appreciation. US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint currency intervention. Over three sessions, the yen appreciated by nearly 5% following coordinated purchases by Tokyo and Washington, representing the largest such operation in decades. Both … Read more
GBP/USD declines as the US Dollar receives backing from a recovery in 10-year US Treasury yields. Easing tensions in the Strait of Hormuz diminishes the demand for safe-haven assets, a development attributed to diplomatic advancements between the US and Iran. Markets reduced expectations for a 2026 interest rate increase following indications from the Bank of … Read more