Rabobank strategist Michael Every discusses rising geopolitical risks around the Strait of Hormuz after the apparent collapse of a US-Iran memorandum of understanding. Every notes both sides are now striking each other,…
ING analysts Chris Turner, Frantisek Taborsky and Francesco Pesole note that higher energy prices and tensions in the Gulf are supporting the Dollar against low-yielding currencies. They highlight that US energy indepen…
The Euro (EUR) claws back its early losses and turns slightly positive at around 1.6170 against the Canadian Dollar (CAD) during the European trading session on Monday. The cross bounces back as the Euro strengthens ami…
DUBAI, United Arab Emirates (AP) — The United States and Iran each asserted Monday they controlled the Strait of Hormuz after a weekend of attacks stretching across the wider Middle East, further threatening any diploma…
UOB’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has slipped after testing 1.1460, with increasing downward momentum but major support at 1.1360 seen as difficult to reach near term. For the coming 1–3 weeks,…
The Euro (EUR) depreciates moderately against the US Dollar (USD) on Monday, as escalating tensions between the US and Iran and the closure of the Strait of Hormuz dampened appetite for risk and boosted inflationary pre…
Japan currently has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of…
The Australian Dollar (AUD) underperforms its major currency peers, trading 0.32% lower to near 0.6930 against the US Dollar (USD) during the early European trading session at the start of the week. The antipodean is un…
Most Asian equities trade in negative territory on Monday amid renewed geopolitical tension in the Middle East after reports of US-Iran airstrikes and Tehran's closure of the critical Strait of Hormuz.
The GBP/JPY cross rebounds a few pips following an Asian session dip to mid-216.00s on Monday, stalling its modest pullback from the highest level since January 2008, touched last week. Spot prices, however, lack follow…
The Indian Rupee (INR) opens significantly lower against the US Dollar (USD) on Monday. The USD/INR jumps to over a six-week high around 95.80, as renewed Middle East hostilities have strengthened the US Dollar and oil …
USD/IDR gains ground after registering losses in the previous day, trading around 18,180 during the Asian hours on Monday. The US Dollar (USD) appreciated as intensifying geopolitical tensions in the Middle East sparked…
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on its modest bullish gap opening and climbs above the $74.00 mark during the Asian session on Monday. A further escalation of tensions between t…
The price for Gold stood at 12,486.07 Indian Rupees (INR) per gram, down compared with the INR 12,683.20 it cost on Friday.
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session. A further escalation of tensions between the US and Iran, along with the clo…
Ryohin Keikaku, the company behind the Muji brand, announced on the 10th that it has raised its consolidated net profit forecast for the fiscal year ending August 2026 to ¥67 billion (approximately $414.0 million), up f…
USD/CHF gains ground for the second successive day, trading around 0.8100 during the Asian hours on Monday. The pair appreciates as the US Dollar rises on increased safe-haven demand amid heightened geopolitical tension…
The Euro (EUR) holds opening losses at around 1.1390 against the US Dollar (USD) during the mid-Asian trading session on Monday. The major currency pair faces selling pressure as the US Dollar starts the week on a stron…
The EUR/JPY cross trades in positive territory around 184.65 during the Asian trading hours on Monday. However, the potential upside for the cross might be limited as heightened geopolitical tensions in the Middle East …
SEOUL, July 13 (Yonhap) -- The South Korean central bank said the global semiconductor market remains undersupplied and the current AI-driven supercycle is expected to continue for some time, according to a report relea…
Gulf drone strikes lifted Brent to $111.34 and WTI to $107.84 and pushed the 10-year US Treasury yield to 4.631% and the 30-year to 5.159%, triggering risk-off flows that sent Asian equities lower (Nikkei -1.1%) amid we…
The AUD/USD pair builds on its modest weekly bearish gap opening and retreats further from a two-and-a-half-week top, near the 0.6970 region, touched on Friday. Spot prices drop to the 0.6930-0.6925 area during the Asia…
NZD/USD depreciates after three days of losses, trading around 0.5750 during the Asian hours on Monday. The currency pair holds onto its losses as the New Zealand Dollar (NZD) remains subdued, failing to find immediate …
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7972 compared to Friday's fix of 6.7989 and 6.7850 Reuters estimate.