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USD/KRW: Two-way trade with geopolitical risk – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note USD/KRW traded higher on heightened Middle East tensions and Oil gains, with Korean Won pressured as a higher-beta, net Oil importer currency.
WTI Oil retreats for third day on US-Iran diplomacy hopes, Hormuz risks cap downside
West Texas Intermediate (WTI) US Oil declines on Tuesday, with the barrel trading around $89.10 at the time of writing, down 3.93% on the day.
USD/SGD: MAS tightening supports stronger Singapore Dollar – Commerzbank
Commerzbank’s Charlie Lay and Moses Lim note that Monetary Authority of Singapore (MAS) has tightened policy by slightly increasing the pace of Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) appreciation, focusing on inflation rather than growth.
Dow Jones Industrial Average climbs as soft PPI, Iran ceasefire hopes lift sentiment
The Dow Jones Industrial Average (DJIA) gained around 300 points, or 0.60%, trading near 48,500. The S&P 500 rose 1.1% while the Nasdaq Composite jumped 1.8%, led by a broad rally in technology names.
GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand
The Pound Sterling (GBP) advances on Tuesday as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar (USD) weakens amid a hot US inflation report that missed forecasts of a higher print.
USD/JPY tumbles as softer US data and BoJ hawkish tilt collide with shifting war sentiment
The USD/JPY pair is trading with a bearish bias near the 158.90 region on Tuesday, extending recent losses as the US Dollar (USD) continues to soften amid improving risk sentiment on renewed hopes of United States (US)-Iran negotiations.
Asia FX: Mixed implications of Strait of Hormuz risk – MUFG
MUFG’s Senior Currency Analyst Michael Wan highlights that Trump has begun a US naval blockade of the Strait of Hormuz, but risk assets have rebounded as talks between the US and Iran continue.
ECB’s President Lagarde: We have to be data dependent
Christine Lagarde, President of the European Central Bank (ECB), spoke to Bloomberg TV on Tuesday. She claimed that they need to keep an eye on the medium term while checking data.
What Strait? US stocks soar as Oil market sells off on US-Iran negotiations
Talks of another round of negotiations between the US and Iran are pushing US stock indices higher on Tuesday. Oil (WTI) futures buckled under the pressure, shedding nearly 7% to trade below $93 as the NASDAQ Composite and S&P 500 added 1.5% and 1.0%, respectively.
USD/CAD pares losses as Oil slides below $90 on US-Iran talks optimism
USD/CAD trims some of its earlier losses on Tuesday as easing Oil prices on renewed US-Iran talks optimism weigh on the commodity-linked Canadian Dollar (CAD), helping the pair recover from intraday lows even as improving risk sentiment keeps the US Dollar (USD) under broad pressure.
Bessent says Fed should "wait and see" before cutting rates
US Treasury Secretary Scott Bessent crossed the wires on Tuesday, stating that he’s “quite confident” that core prices would continue to edge lower in the US despite the Iran war, and that he’s pressing the Federal Reserve (Fed) to cut rates.
Pound Sterling Price News and Forecast: GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand
The Pound Sterling advances as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar weakens amid a hot US inflation report that missed forecasts for a higher print. The GBP/USD trades near 1.3590, gaining 0.61%. Read More...
United States 52-Week Bill Auction up to 3.56% from previous 3.485%
United States 52-Week Bill Auction up to 3.56% from previous 3.485%
Silver Price Forecast: XAG/USD jumps near $79 as Dollar weakens on softer US inflation
Silver (XAG/USD) surges on Tuesday, trading around $78.80 at the time of writing, up 4.16% on the day as strong buying interest pushed Silver to a daily high of $79.32.
GBP/USD: Upside bias with limited resistance – Scotiabank
Scotiabank notes the Pound is up 0.3% versus the Dollar, trading at pre‑conflict highs as investors welcome strong demand for UK debt. Domestic data risk is light before trade and industrial production, while BoE speakers, including Gov. Bailey, pose event risk.
BoE’s Greene: Second-round effects
Megan Greene, external member of the Bank of England's (BoE) Monetary Policy Committee (MPC), Reuters reported on Tuesday that the United Kingdom’s (UK) economic activity was weak before the Iran war but that at the same time, the war impact is inflationary.
Gold ticks higher as US-Iran deal hopes weigh on USD, upside remains limited
Gold (XAU/USD) trades with a positive bias on Tuesday, supported by a softer US Dollar (USD) as investors react to renewed optimism surrounding potential US-Iran negotiations.
White House Adviser Hassett: Outlook for Fed having room to cut rates is going to be very solid
Kevin Hassett, Senior Adviser for the White House told Fox Business on Tuesday that they expect a rapid reduction in energy prices once the Strait of Hormuz is reopened.
Fed’s Goolsbee: We will get inflation to 2%
Austan Goolsbee, President of the Federal Reserve (Fed) Bank of Chicago, told AP at the Semafor World Economy conference on Tuesday that the longer the Middle East concerns go, the cut could be pushed out of 2026.
EUR/USD rises to 1.1800 as USD hits six-week lows on US-Iran deal hopes, soft PPI
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, with EUR/USD extending gains for a seventh consecutive day and returning to levels last seen when the US-Iran conflict began. At the time of writing, the pair is trading around 1.1800, up roughly 0.37% on the day.
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