Author: admin
Analysts said uncertainty surrounding US-Iran relations and concerns over broader West Asia conflict could keep the rupee under pressure in the near term. The rupee depreciated 47 paise to close at 95.73 (provisional) against the US dollar on Tuesday, on renewed geopolitical tensions in West Asia and a rise in crude oil prices.Forex traders said a strong US dollar and weak domestic markets also pressured the rupee.At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, and touched an intra-day high of 95.33 and a low of 95.76 against the American currency.At the end of…
Deutsche Bank strategists highlight that the S&P 500 has logged an eighth consecutive weekly gain, supported by falling Oil prices and easing stagflation fears. Futures are modestly higher after the long weekend, though slightly below pre-strike levels. The report notes that US equities advanced despite recent weakness in big tech, with the Magnificent 7 slipping over the week.US equities supported by lower Oil”This morning S&P 500 futures are +0.62% and NASDAQ futures +0.85% which is a few tenths of a percent lower than most of yesterday before the overnight strikes.””That decline in oil prices meant investor fears eased about a…
The USD/CHF pair edges higher to near 0.7830, snapping the four-day losing streak, during the early European session on Tuesday. Uncertainty surrounding the US-Iran peace negotiations provides some support to the US Dollar (USD) against the Swiss Franc (CHF). The US military’s Central Command said US forces have carried out strikes on southern Iran in “self-defence,” the Guardian reported on Monday. It said that the military will defend US forces “while using restraint” during the ongoing ceasefire.Traders will keep an eye on the US April Personal Consumption Expenditures (PCE) Price Index report, which is due later on Thursday. Any signs of…
The dollar nursed losses on Tuesday on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end the three-month-long Iran war, although fresh U.S. attacks on Iranian targets weighed on sentiment. Despite low odds of an imminent deal, hopes of peace have pushed oil below $100 a barrel, eased pressure on emerging-market currencies, and boosted risk sentiment. Iran’s top negotiator and its foreign minister were in Doha for talks with Qatar’s prime minister on a potential deal. U.S. President Donald Trump said talks with Iran were going “nicely”, but warned of fresh attacks…
The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) as uncertainty surrounding the US-Iran peace agreement boosts a safe-haven currency. The European Central Bank (ECB) policymaker Olaf Sleijpen and Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari are set to speak later on Tuesday. Fox News reported that US forces conducted “self-defense strikes” in southern Iran on Monday. US Central Command spokesperson said that American strikes targeted missile launch sites and Iranian vessels aiming to deploy minessites and Iranian boats trying to place mines. The US military…
UOB’s Jester Koh notes that Singapore’s 1Q26 GDP was sharply revised higher and that MTI kept its 2026 growth forecast at 2.0–4.0%. The bank raises its 2026 GDP forecast to 3.2%, citing sustained AI-related demand and strong electronics indicators. However, it highlights significant downside risks from Middle East-related supply disruptions and a weaker global backdrop.AI demand lifts Singapore growth outlook”Outlook – We raise our 2026 GDP growth forecast to 3.2% (from 2.5% prev; 2027F: 2.1%), incorporating the 1Q outperformance alongside sustained AI-related tailwinds, as evidenced by the improvement in the Apr electronics PMI (51.7; Mar: 51.4), driven by increases in…
UOB’s Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower and test 1.2760 in the near term, though a sustained break below that level is unlikely. They maintain a 1–3 week range-trading view between 1.2730 and 1.2820, with major support at 1.2730 seen as intact.Dollar-Singapore Dollar stays range bound”24-HOUR VIEW: While we expected USD to edge lower and test 1.2760 last Friday, we stated that “a continued decline below this level is unlikely.” We added, “resistance is at 1.2795; a breach of 1.2805 would indicate that the current mild downward pressure has eased.” However, USD traded in…
The Indian rupee appreciated 35 paise to close at 95.25 against the US dollar on Monday, marking its third straight session of gains amid optimism over a possible US-Iran peace agreement and easing crude oil prices. The rupee appreciated 35 paise to close at 95.25 (provisional) against the US dollar on Monday, registering the third straight session of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz.Forex traders said the rupee registered its third straight session of gain…
The Indian rupee strengthened for the third consecutive session on Monday, its longest winning streak in a month, powered by market interventions by the central bank and a slump in crude oil prices on hopes of a U.S.-Iran peace deal. The rupee closed at 95.23 per dollar, up over 1.5% since Wednesday, when it had hit a record low of 96.96 per dollar. The Reserve Bank of India’s dollar-selling intervention helped the rupee bounce back from its record low last week and optimism over a potential breakthough in negotiations between Washington and Tehran shored up the currency further on Monday.…
Gold (XAU/USD) remains well bid above the $4,550 level through the first half of the European session on Monday, albeit it remains below the top boundary of a nearly one-week-old range amid mixed fundamental cues. Developments over the weekend spurred hopes for a potential US-Iran peace deal, undermining the US Dollar’s (USD) reserve currency status and lending support to the commodity. The US and Iran, however, remain at odds over key issues. This, along with hawkish US Federal Reserve (Fed) expectations, helps limit the USD losses and keeps a lid on any further gains for the non-yielding yellow metal.Axios reported…