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Gold price (XAU/USD) trades with mild gains during the early Asian session on Tuesday. The precious metal extends the rally after the United States (US) and Iran reached a comprehensive framework deal to end hostilities, easing inflation concerns. Bloomberg reported on Monday that US President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran. Trump noted that the Strait of Hormuz “is already partially opened,” and “it’ll be completely opened” on Friday. “The gold market is moving past the conflict and pricing it out. The peace deal news took down Treasury yields, the…

EUR/USD holds firm on Monday as the US-Iran peace deal boosts risk appetite, reducing safe-haven demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1598 after hitting an intraday high of 1.1662.The US and Iran are expected to sign a final agreement on Friday, after both sides confirmed on Sunday that they had reached a framework deal to end the four-month-long war. The development has eased fears of prolonged disruptions to energy supplies through the Strait of Hormuz, a key route for global Oil shipments.The prospect of the Strait reopening helped push Oil prices…

The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high. | Photo Credit: – The rupee was buoyed on Monday, touching a five-week high, as the US and Iran reached an agreement to end the West Asia conflict, leading to crude oil prices sinking to three-month lows.The Indian currency closed stronger at 94.71 per US Dollar, up 40 paise against the previous close of 94.11. In intraday trades, the Rupee hit a five-week high of 94.4625.The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high.Anindya Banerjee, Head of…

The Indian rupee surged 40 paise Monday to close at 94.71 against the dollar in its sharpest single-day gain in recent months, as news of the West Asia conflict ending triggered a broad-based rally in local markets.The currency opened the day at 94.68 a dollar with a gap of 43 paise from its Friday’s close of 95.11. It rallied to a five-week high of 94.45 a dollar during the day, tracking the fall in global oil prices as the US and Iran are likely to ink a peace agreement, scheduled on June 19. The intra-day low was seen at 94.78…

Silver (XAG/USD) trades around $70.70 at the time of writing on Monday, up 3.94% on the day. The white metal is extending its rebound and benefiting from a backdrop marked by a weaker US Dollar (USD) and expectations surrounding the upcoming Federal Reserve (Fed) meeting.Markets are welcoming news that the United States (US) and Iran have reached a framework agreement designed to bring an end to the war. US President Donald Trump stated that the Strait of Hormuz will be reopened as part of the deal, while Iran’s Deputy Foreign Minister also confirmed the announcement. According to several media reports,…

ING’s Chris Turner highlights several risks for the Pound this week, centred on the Bank of England meeting and a key Labour by-election. Markets now see the first BoE rate hike in November, and lower energy prices may question the need to tighten at all, while EUR/GBP is seen holding strong support around 0.8610/15.BoE stance and UK politics weigh on Pound”Markets have pushed back expectations of the first Bank of England rate hike until the November meeting.””Lower energy prices can prompt questions about whether the BoE needs to hike at all, and Governor Andrew Bailey will have to walk a…

The rupee opened 41 paise stronger at 94.70 per US Dollar, buoyed by reports of the US and Iran reaching an agreement to end the West Asia conflict and consequent fall in crude oil prices.The Indian currency is currently trading at 94.5725 per USD, up about 54 paise against the previous close of 95.11.In intraday trades so far, the Rupee has tested a high/ low of 94.5550/ 94.74.Amit Pabari, MD, CR ForeX Advisors, observed that at the peak of the conflict, Brent crude had climbed above $113 per barrel as traders feared supply disruptions. As hopes of peace grew, prices…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground and trading around 99.50 during the Asian hours on Monday. The Greenback declines on fading safe-haven demand following reports that the United States (US) and Iran reached a deal to end their conflict, easing concerns about inflation and higher interest rates.Washington and Tehran said on Sunday that they have reached an agreement that will take effect on Friday. US President Donald Trump stated that the US is lifting its naval blockade on Iranian ports and that the Strait of…

The AUD/USD pair gathers strength to around 0.7075 during the early Asian session on Monday. The reports that the United States (US) and Iran announced a peace deal to bring their nearly four-month war to an end underpin the riskier asset, such as the Australian Dollar (AUD) against the US Dollar (USD). The Reserve Bank of Australia (RBA) interest rate decision will take center stage later on Tuesday. Bloomberg reported on Sunday that Washington and Tehran have reached a deal to reopen the Strait of Hormuz, with both sides declaring the immediate and permanent termination of military operations on all fronts,…

V Anantha Nageswaran, Chief Economic Advisor, Government of India | Photo Credit: RAGU R The Indian rupee’s movement is a natural part of macroeconomic adjustment and should not be viewed through the lens of fixed psychological thresholds such as the 100-per-dollar mark, Chief Economic Adviser V Anantha Nageswaran said, stressing that the exchange rate functions as a “shock absorber” in a volatile global environment.In an exclusive conversation with ANI, Nageswaran said that currency depreciation should be understood in the broader context of external shocks, global uncertainty, and shifting capital flows rather than as a sign of domestic economic weakness. According…