Cannot reveal governor Ueda’s view But his broader view remains the same as he has discussed before Ueda’s hospitalisation is short-term, don’t see any impact on monetary policy conduct Well, it has only been about a week since Ueda took his leave of absence. So, it is a fair assumption to think that the decision today was already well…
The Indian Rupee (INR) opens firmly against the US Dollar (USD) on Tuesday. The USD/INR pair trades lower around 94.58 as lower oil prices due to the successive reopening of the Strait of Hormuz, following the signing of a peace deal between the United States (US) and Iran, and signs of improvement in sentiment of overseas investors towards the…
EUR/CAD has been cruising higher with rising lows connected by an ascending trend line. Is it due for another support test soon?
In May, the RBA raised the cash rate by 25 bps to 4.35% then signaled that they would be pausing here. As a reminder, the central bank has been one of the early movers in having raised interest rates since February. So far this year, they have delivered 75 bps of rate hikes. The decision there was not solely…
The Australian Dollar (AUD) faces further selling pressure against its major currency peers during the Asian trading session on Tuesday, sliding 0.16% to near 0.7060 against the US Dollar (USD). The Aussie pair was already under pressure since the beginning of Tuesday’s session after a three-day upside move, and has dropped after the release of the weak China data….
US and Iran agreed to reopen the Strait of Hormuz, sending Brent crude down 5% — but the deal isn’t signed and analysts warn peace is fragile.
The relative calm in JGBs ahead of the decision reflects a market that has already done its pricing work. A hike to 1% is not the story; Deputy Governor Uchida’s forward guidance at the 0630 GMT briefing is. Any signal of an accelerated path toward 1.25% would put fresh upward pressure on yields and the yen, while a deliberately…
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish move by hiking the benchmark interest rate by 25 basis points (bps) to 1%, its highest level since 1995. The hike is meant not only to address mounting inflationary pressures but also the…
Markets rallied on Monday after the U.S. and Iran reached an interim peace agreement, with a deal to reopen the Strait of Hormuz sending crude oil sharply lower while equities and crypto climbed and the dollar drifted broadly weaker.
Gold’s proximity to Barclays’ $4,150 fair-value estimate sets up a technically cleaner entry point for buyers who accept the structural case. The key near-term variable is whether the Iran peace framework durably softens the dollar and yields, the two forces most responsible for compressing gold during the conflict period. Central bank buying from Russia and Turkey has been a…
