EUR/SEK: Rebound tests key moving average – Societe Generale Societe Generale analysts note that the central bank of Sweden, Riksbank left rates on hold this morning at 1.75% and EUR/SEK has been rebounding from an interim low and is now challenging its 200-day moving average,...
Japan appears to be experiencing déjà vu from 2022: energy prices are soaring, the yen is hitting new lows, and the country’s finance minister is warning of possible interventions in the foreign exchange market. In fact, the first round of intervention may have already tak
Rating agency flags potential fiscal risks if broad energy relief measures expand further across European nations. Fitch Ratings cautioned that Europe’s widespread energy relief measures could weigh on public finances if they continue to grow. Governments have introduced s
Let's just paint some colour to the backdrop on this whole issue. Now, the IMF guidelines suggest that exceeding three intervention instances within a six months period could lead to a reclassification of the exchange rate from "free-floating" to a standard "floating" regi
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.78 per troy ounce, up 3.13% from the $77.35 it cost on Wednesday
Investors shift focus to potential easing of Middle East tensions, weighing on European equities in early trading. European stocks opened lower as optimism over fresh U.S.-Iran negotiations dampened demand for safe-haven assets. The Stoxx Europe 600 index fell 0.3% in earl
OCBC strategists cite easing oil prices and potential geopolitical progress as drivers for recent gains in Asian foreign exchange markets. Asian currencies have strengthened in a relief rally, fueled by declining oil prices and optimism over a potential US-Iran agreement.
OCBC strategists Sim Moh Siong and Christopher Wong characterize recent moves in Asian FX as a relief rally driven by lower Oil and hopes of a US–Iran deal. They stress that any agreement and normalization of flows through the Strait of Hormuz remain uncertain
The Australian Dollar strengthens as geopolitical easing boosts risk appetite, outperforming most peers except the New Zealand Dollar. The Australian Dollar (AUD) advanced against major currencies during European trading hours, driven by risk-on sentiment amid easing US-Ir
The Australian Dollar (AUD) trades higher against its major currency peers, except the New Zealand Dollar (NZD), during the European trading session on Thursday.