BOJ to hike rate to 1% despite Iran peace deal The central bank is expected to raise its policy rate to 1% on Tuesday, a 31-year high. The move is largely anticipated and represents a significant JPY catalyst. The Iran peace deal may reduce pressure for faster hi
The New Zealand Dollar recovers from minor losses, supported by easing global risk aversion during Asian trading. The NZD/USD pair climbed to around 0.5850 in early Asian trading on Monday, reversing slight declines from the previous session. The New Zealand Dollar strengt
Local governments introduce record housing subsidies and provident fund changes to counter market downturn without central stimulus. Chinese municipalities have rolled out more than 470 property support measures this year, with over 250 targeting provident fund adjustments
USD/JPY pair trades near 160.20 on US-Iran deal The USD/JPY pair is trading on a flat note near 160.20 during Asian trading hours. The US Dollar has softened against the Japanese Yen following reports of a US-Iran peace deal. The BoJ rate hike expectations also i
Geopolitical developments and upcoming central bank decisions cap volatility in the yen-dollar pair ahead of Fed and BoJ meetings. The USD/JPY pair remains steady at 160.20 in Asian trading, as the US Dollar weakens following reports of a US-Iran peace deal framework. The
A 60-day oil sales waiver and phased mine clearance in the Strait of Hormuz may ease supply constraints but carry execution risks. The U.S.-Iran agreement includes a 60-day oil sales waiver, directly increasing near-term crude supply. Markets had priced in a clean supply c
USD/CAD depreciates after two days of gains The USD/CAD currency pair is under downward pressure as the US Dollar declines broadly. The decline is driven by a sharp reduction in market risk. The pair traded around 1.3970 during the Asian hours on Monday.</p
Regulators remove restrictions to allow greater allocation in gold-backed funds, signaling liberalization of commodity investment rules. Singapore regulators will eliminate the 5% cap on physical gold holdings in investment funds, enabling greater exposure to the precious
Gold rises to weekly high after US, Iran reach peace deal Gold price (XAU/USD) rose to a weekly high during Asian trading hours on Monday. The precious metal rebounded after the US and Iran reached a deal to end their conflict, easing concerns about inflation and high
China’s central bank sets the daily yuan reference rate at 6.8088, slightly firmer than Friday’s 6.8109 fix and above Reuters estimates. The People’s Bank of China set the USD/CNY reference rate at 6.8088 for Monday’s trading session, compared with 6.8109 on Friday. The fi