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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
The Indian rupee slid to a fresh all-time low of 96.61 against the US dollar on Tuesday, extending its losing streak to a sixth consecutive session, as elevated crude oil prices and persistent dollar demand continued to weigh on the domestic currency. USD-INR settled at 96.53 for the day.Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, attributed the decline to multiple external pressures.“Rupee traded weaker by around 10 paise near 96.53, as elevated crude oil prices and continued pressure on capital flows kept the currency under stress. Sustained higher crude prices are increasing concerns over India’s…
Indian coin stack to fall on Indian one hundred rupees background. istock photo for BL | Photo Credit: suman bhaumik Rupee fell to a lifetime low on Tuesday, weighed by intensifying external pressures, with the protracted Iran conflict driving a sustained surge in oil prices and pushing U.S. Treasury yields higher.The rupee dropped to 96.44 per U.S. dollar, slipping past the prior lifetime low of 96.3875 hit on Monday. The currency’s losses since the Iran war broke out in late February now total 6%.The combination of high crude prices, underpinned by the prolonged U.S.-Iran impasse, and subdued capital inflows is…
The publication of Canada’s April Consumer Price Index (CPI) figures on Tuesday will be the focus of attention. Indeed, Statistics Canada data will provide the Bank of Canada (BoC) with a much-needed update on price pressures ahead of its June 10 meeting, where policymakers are widely expected to keep rates steady at 2.25%.Economists see the headline CPI rising by 3.1% in a year to April, gathering pace above the BoC’s target and up from March’s 2.4% annual increase. On a monthly basis, prices are expected to rise by 0.8%. The bank will also closely monitor its core measure (which strips…
The Indian rupee traded marginally higher on Tuesday, recovering from an initial slide that brought close to a new low, with dollar offers from state-run lenders, possibly for the central bank as well as foreign banks lending support. The rupee was quoted at 96.3325 per U.S. dollar at 11:15 a.m. IST, having settled at 96.3450 on Monday. The currency had opened marginally weaker, slipping to 96.3850, just one tick short of its all-time low of 96.3875 hit in the previous session. A large state-run bank, along with other public sector lenders, was seen offering dollars in USD/INR, which some traders…
USD/CHF recovers its recent losses registered in the previous day, trading around 0.7860 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) draws support from expectations of a more hawkish outlook from the US Federal Reserve (Fed).The yield on the benchmark 10-year US Treasury note jumped to 4.659% in overnight trading, its highest level since February 2025, before retracing to sit on the day at 4.601%. This sharp rise in yields reflects market anxieties that elevated energy costs could flow into consumer price inflation, ultimately prompting the Federal Reserve to push interest rates higher.Traders are…