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US President Donald Trump said that negotiations with Iran were in the final stages, Bloomberg reported on Wednesday. However, Trump also reiterated a pledge to restart attacks in the coming days if Iran doesn’t agree to his terms.“We’re in the final stages of Iran. We’ll see what happens. Either have a deal or we’re going to do some things that are a little bit nasty, but hopefully that won’t happen,” Trump said.Iranian President Masoud Pezeshkian stated that Tehran was not on the brink of giving in. “Forcing Iran to surrender through coercion is nothing but an illusion,” Pezeshkian posted on…
Currency bears have begun whispering about the psychologically crucial Rs 100 per US dollar mark, with the one-year forward rate for the Indian rupee breaching the threshold Wednesday that coincided with yet another historic low in the spot market for the battered local currency.As spot price for the rupee touched Rs 96.96 per dollar and one-year forward premium near Rs 3.40, the one-year forward rupee breached the 100 mark to the greenback for the first time ever, market participants said. This fiscal, the unit has failed to reverse the unflattering trend of FY26, when the rupee had lost the most…
Silver (XAG/USD) rises on Wednesday and trades around $76.00 at the time of writing, up 3.11% on the day, as investors return to precious metals following a pullback in US Treasury yields. The white metal rebounds after the sharp decline seen in the previous day, benefiting from a pause in the global Bond market sell-off.The benchmark US 10-year Treasury yield is easing after recently reaching its highest levels in several months, reducing some of the pressure on non-yielding assets such as Silver. Lower yields typically reduce the opportunity cost of holding precious metals.However, the macroeconomic backdrop continues to limit the…
The Indian rupee fell to a record low on Wednesday as stalled U.S.-Iran peace talks kept oil prices elevated, driving global bond yields higher and hurting equities amid fears of further central bank rate hikes.The rupee slid to 96.96 per dollar, breaching its previous record low of 96.6150 hit in the prior session, and ended the day at 96.82. The currency has fallen over 6 per cent since the Iran war began in late February. Global bond markets extended their selloff as investors increased bets that the Federal Reserve may need to raise interest rates further in 2026.Oil prices eased…
The Indian Rupee (INR) continues to underperform against the US Dollar (USD) on Wednesday, trading close to its fresh all-time lows.The USD/INR pair holds onto gains near 97.00 as elevated oil prices due to fears of a prolonged closure of the Strait of Hormuz remain a key drag on the Indian Rupee.At press time, the WTI Oil price is down to near $101.80, but is up over 50% since the onset of the war in the Middle East.Currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform in a high-oil…
USD/CHF extends its gains for the second successive day, trading around 0.7890 during the Asian hours on Wednesday. The pair remains stronger as safe-haven demand supports the US Dollar (USD). Traders adopt caution after a Bloomberg report on Tuesday, stating that the US President Donald Trump recently threatened to resume attacks on Iran in two or three days as part of a push for a deal to end the war. This came after a brief pause in planned hostilities following a new proposal by Tehran to end the US-Israeli conflict.United States (US) inflation risks increase due to war-driven energy price…
The rupee fell to a record low on Wednesday as a deadlock in U.S.-Iran peace talks kept oil prices elevated, fuelling worries of a global inflation surge that have ramped up bets on rate hikes, lifting bond yields and weighing on equities.The rupee fell to 96.96 per dollar, breaching its all-time low of 96.6150 hit in the previous session. The currency is down 6% since the Iran war began in late February.Higher energy prices and weak capital flows, further strained by rising bond yields, have left India facing the prospect of a steep balance of payments (BoP) deficit for the…
US President Donald Trump threatened to resume attacks on Iran in “two or three days” as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported on Tuesday.“I hope we don’t have to do the war, but we may have to give them another big hit,” Trump told reporters on Tuesday. When asked how long he would wait, he said: “Well, I mean, I’m saying two or three days, maybe Friday, Saturday, Sunday. Something maybe early next week — a limited period of time,” said Trump.An Iranian…
The Dow gave up a chunk of last week’s record run on Tuesday, sliding back from the 50K handle it had briefly tagged days earlier, with the broader equity tape leaning lower as bonds did the heavy lifting on the downside. Futures opened the session with a tentative bid after Trump’s overnight reversal on Iran, but the relief was short-lived once cash trading exposed the real story. The 30-year Treasury yield punched above 5.18%, a level not seen in nearly nineteen years, and the move came on a day when Oil was actually falling. That decoupling is the interesting part.…
BNY’s Bob Savage notes the Reserve Bank of Australia (RBA) sees elevated risks that inflation expectations drift higher, potentially requiring a deeper slowdown. Oil-driven price pressures and three rate hikes to 4.35% frame the backdrop for AUD/USD. Source