Japanese Yen gains modestly, remains near multi-decade lows USD/JPY trades slightly lower on Thursday as a mildly softer US Dollar (USD) lends support to the Japanese Yen (JPY). At the time of writing, the pair is trading around 162.45, hovering near 40-year
Persistent Yen weakness fuels speculation of Tokyo intervention amid low interest rates and rising Oil prices. The Japanese Yen edged higher against the USD on Thursday, trading at 162.45, though it remains close to multi-decade lows. A marginally softer US Dollar provided
BNY Mellon warns that the Czech National Bank’s tight ECB-aligned policy may hurt growth, pressuring the koruna despite rising rate expectations. The Czech koruna has slipped to near year-low levels on a nominal effective exchange rate basis, despite markets pricing in hig
FX markets show minimal movement as traders await clarity on Middle East developments, with NZDUSD the sole outlier after a rate hike. The USD remains nearly flat against major currencies at the start of North American trading, with EURUSD, USDJPY, and GBPUSD showing margi
Aluminium price projections lowered to $3,378 in 2026 and $3,281 in 2027 due to improving supply and softer demand. TD Securities has reduced its aluminium price outlook, citing faster smelter ramp-ups in the Middle East, increased Indonesian supply, and weaker demand. The
Oil prices surge amid US-Iran tensions US president Trump stated that Iran wants to make a deal, sparking cautious market reactions. WTI crude oil prices rose to $74.01, while the US 10-year yield increased by 2 bps. The European session saw mixed market movements,
Rabobank expects limited upside for the euro as markets price in another ECB hike and political risks weigh on momentum. EUR/USD is forecast to trade sideways near current levels over the next three months, as sentiment cools following a surge in Q2 2025. Markets have alre
The Euro weakens against the US Dollar amid safe-haven demand and geopolitical tensions during European trading hours. The Euro retreated to near 1.1425 against the US Dollar on Thursday, reversing earlier gains as the greenback recovered most of its losses. The move follo
Geopolitical risks and elevated CPI projections triggered a sell-off in Central European FX, with the Hungarian forint hit hardest. The Hungarian forint faced sharp selling pressure as US-Iran tensions drove a 1.2% jump in EUR/HUF, the largest move since early March. The s
The Reserve Bank of New Zealand raises its Official Cash Rate to 2.5%, signaling further tightening to combat inflation. The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate by 25 basis points to 2.5% at its July meeting, exceeding market expectations for a
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