The yen remains steady against the dollar this week despite Tokyo’s warnings of potential currency intervention to curb weakness. The Japanese yen stabilized near 156.83 against the US dollar on Friday, ending the week largely unchanged despite recent volatility. Heightene
Oil futures drop 2.5% to $92.20 after President Trump confirms no escalation in US-Iran tensions despite recent strikes. West Texas Intermediate crude futures fell 2.5% to $92.20 in European trading Friday, pressured by an intact month-long ceasefire between the US and Ira
The euro rebounds from Thursday’s losses as traders overlook geopolitical risks and disappointing German industrial output and trade figures. The euro (EUR) rose modestly against the US dollar (USD) on Friday, nearing 1.1750 after retreating the previous session. Gains cam
Nordea expects four consecutive 25bp ECB rate increases starting June, prioritizing inflation over softer economic data. The European Central Bank is poised to deliver a 25 basis-point rate hike in June, with markets pricing in further tightening despite downside growth ri
EUR/CAD holds gains near 1.6050 as Euro advances on hawkish ECB tone EUR/CAD extends its gains for the third successive day, trading around 1.6040 during the European hours on Friday. The currency cross remains stronger as the Euro (EUR) remains firm against its major peer
A potential peace agreement in the Gulf could push EUR/USD above 1.1800, while failed talks risk dropping it below 1.1700. The Euro’s trajectory against the Dollar is tightly linked to developments in the Gulf, with a binary outcome shaping near-term moves. A peace deal in
Rising oil prices near $93 weigh on the INR, halting its three-day gain streak against the USD amid geopolitical tensions. The USD/INR pair recovered to 94.56 on Friday after falling to a two-week low of 94.03, as the Indian Rupee struggled under pressure from rising oil p
The US Dollar (USD) trades moderately lower against the Japanese Yen (JPY) on Friday, on track to close the week practically flat, as Japanese authorities’ warnings about further interventions keep Yen sellers on their toes. The pair has stalled below 157.00 after bouncing
Dow Jones futures rise modestly ahead of US trading, reflecting reduced geopolitical risks and investor caution. Dow Jones futures climbed 0.18% to near 49,790 in early European trading on Friday, as Middle East tensions showed signs of de-escalation. The move suggests inv
The GBP/USD pair trades 0.25% higher to near 1.3590 during the European trading session on Friday. The Cable reflects strength as the Pound Sterling (GBP) outperforms its major currency peers, except antipodeans, amid a revived risk-on rally As of writing, S&P 500 f