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
The stronger-than-expected yuan fixing may signal policy caution amid market volatility and external pressure. China’s central bank set the daily USD/CNY reference rate at 6.8088, above the 6.7544 estimate from traders. The move allows the yuan to trade within a 2% band ar
The British pound rises against the dollar after a US-Iran peace agreement reduces geopolitical risks and weakens the greenback. GBP/USD advanced to 1.3450 in Asian trading on Monday, recovering from minor losses as the US dollar retreated. The move follows reports of a US
Oil benchmarks fell sharply as the Strait of Hormuz reopens, easing supply concerns after over 100 days of closure. Brent crude fell 3.95% to $83.88 per barrel in early Asian trading Monday after the U.S. and Iran agreed to reopen the Strait of Hormuz. WTI declined 4.62% t