Unfortunately, little has changed in the Strait of Hormuz so far. It remains closed—and with it, a significant portion of the oil and gas flows on which many countries in Asia and Europe depend remains blocked. Iran is unable to export due to the U.S. blockade, and reports are mounting that there is now barely
Positive sentiment on US-Iranian peace talks has been negative for the dollar and crude oil. Optimism among participants about progress in indirect negotiations between the USA and Iran has meant challenges for the dollar in recent days, with various risk on instruments like Asian and European shares making gains while American light oil also declined
A perspective from Andreas Kapsos, CEO of Match-Prime Liquidity AI has been a sought-after capability in financial risk management for years due to its potential to shorten investigation cycles and respond far faster than manual workflows allow. But turning that promise into systems that genuinely remove work from the team has been much harder than
The dollar traded firmer against major currencies during Friday’s Asian session after renewed hostilities between the United States and Iran unsettled financial markets and boosted demand for safe-haven assets. The US and Iran exchanged fire and sharp remarks again on Thursday, increasing pressure on a fragile month-long ceasefire. The tensions resurfaced as Iran reviewed Washington’s
The Indian Rupee failed to extend its three-day winning streak against the US Dollar on Friday as renewed geopolitical concerns and rising oil prices weighed heavily on investor sentiment. The USD/INR pair rebounded sharply to near 94.56 after touching a two-week low of 94.03 in the previous session. The Indian currency came under pressure after
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico interest rates decision. US non-farm
The Indian Rupee recovered from early losses and turned positive against the US Dollar during Thursday’s afternoon trading session in India, supported by a sharp decline in oil prices and renewed optimism surrounding possible progress in US-Iran negotiations. The USD/INR pair slipped to near 94.34 as crude oil prices came under heavy selling pressure following
The USD/JPY pair traded around 156.30 on Thursday, posting modest daily losses as traders remained cautious over the possibility of another intervention by Japanese authorities in the foreign exchange market. At the time of writing, the pair was down a modest 0.05% on the day, as per data from forex trading platforms. Market participants largely
Sterling edged higher against the dollar on Thursday as investors reacted to developments surrounding the Iran conflict, while also monitoring British local elections that could increase political pressure on Prime Minister Keir Starmer. The pound was last up 0.2% against the dollar at $1.3621, adding to Wednesday’s 0.4% rise. Traders responded to reports suggesting the
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