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USD/CHF edges higher after registering modest losses in the previous day, trading around 0.7790 during the Asian hours on Tuesday. The pair gains ground as the US Dollar (USD) receives support from increasing risk aversion, driven by persistent uncertainty surrounding US–Iran ceasefire negotiations. Traders assess ongoing geopolitical tensions in the Middle East as the 14-day ceasefire deadline approaches.Bloomberg reported that US President Donald Trump stated that US Vice President JD Vance is leaving later on Monday for Pakistan to resume negotiations, “either Tuesday night or Wednesday morning.” Iran is also sending a team, although it is unclear who would lead…
Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East. Reuters reported on Monday that Iran is considering attending peace talks with the United States (US) in Pakistan, following moves by Islamabad to end a US blockade of Iran’s ports. Nonetheless, officials stressed that no decision had been made, and Iranian Foreign Minister Abbas Araqchi said that “continued violations of the ceasefire” by the US are a major obstacle to continuing the diplomatic process.A breakdown in US-Iran peace talks and a…
West Texas Intermediate (WTI) US Oil trades around $87.10 per barrel on Monday, gaining 3.80% on the day at the time of writing, as geopolitical tensions in the Middle East revive concerns about global supply disruptions.The rebound follows a sharp recovery from Friday’s low near $78.89, after developments over the weekend cast doubt on the future of the peace process between Washington and Tehran. Oil prices had previously dropped significantly after the announcement of a ceasefire earlier this month, but have since regained ground as the situation becomes more uncertain.Iran’s foreign ministry spokesperson Esmail Baghaei stated on Monday that Tehran…
TD Securities strategists expect Canada’s March Consumer Price Index (CPI) to accelerate as higher energy prices lift the headline rate, while food disinflation offsets some of the impact. Core measures are seen rising but remaining contained, leaving the Bank of Canada’s (BoC) April communication broadly unchanged despite the recent Oil shock and Iran-related geopolitical tensions.Energy lifts headline, core stays contained”Headline CPI is set to accelerate to 2.5% y/y in March as prices rise 1.1% m/m, underpinned by the sharp increase for energy (market: 2.6% y/y, 1.1% m/m). Gasoline and other energy products should contribute ~0.7pp to the headline print (m/m),…
The Indian rupee logged its steepest one-day fall in a week on Monday, with wary investors bracing for the end of the U.S.-Iran ceasefire a day later amid rising tensions in the Middle East.The rupee declined to 93.1275 against the dollar, 0.2% lower than the previous session, its steepest fall since April 13. While the local currency had strengthened in early trading, it reversed course as dollar demand from state-run and foreign banks picked up, likely on behalf of merchant and foreign investor clients, traders said. A large Indian conglomerate was also spotted bidding for dollars, a trader at a…
Rupee hit the day’s low of 93.24 during the session. The rupee pared its initial gains and settled with a loss of 19 paise at 93.10 (provisional) against the US dollar on Monday, after fresh tension in West Asia led to an increased demand for the American currency and kept crude prices steady.Forex traders said the local currency remained under pressure due to a fresh standoff between the US and Iran that led to a closure of the Strait of Hormuz, disrupting global supply.At the interbank foreign exchange market, the rupee opened at 92.73 and touched an intra-day high of…
The GBP/JPY pair trades higher to near 214.60 during the European trading session on Monday. The pair gains as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding the Bank of Japan’s (BoJ) interest rate decision, which will be announced on April 28. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.01%0.04%0.16%-0.00%0.23%0.22%0.07%EUR-0.01%0.03%0.11%-0.02%0.20%0.21%0.04%GBP-0.04%-0.03%0.09%-0.04%0.16%0.18%-0.00%JPY-0.16%-0.11%-0.09%-0.14%0.08%0.03%-0.10%CAD0.00%0.02%0.04%0.14%0.22%0.19%0.03%AUD-0.23%-0.20%-0.16%-0.08%-0.22%-0.01%-0.19%NZD-0.22%-0.21%-0.18%-0.03%-0.19%0.01%-0.16%CHF-0.07%-0.04%0.00%0.10%-0.03%0.19%0.16% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is…
The rupee appreciated 13 paise to 92.78 against the US dollar in early trade on Monday, following a sharp drop in crude oil prices amid hopes of easing geopolitical tension and the impact of the Reserve Bank’s measures.Forex traders, however, said the currency is likely to stay range-bound with the situation in West Asia remaining volatile after Iran closed the Strait of Hormuz for shipping.At the interbank foreign exchange market, the rupee opened at 92.73 and moved up to 92.70 level before trading at 92.78 against the greenback in early deals, up 13 paise from the previous closing level.The rupee…
The USD/CHF pair trades 0.13% higher to near 0.7830 during the Asian trading session on Monday. The Swiss Franc pair rises as the US Dollar (USD) trades higher, following Iran’s denial to attend the second round of talks with the United States (US).During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% higher to near 98.30.Over the weekend, the Islamic Republic News Agency (IRNA) reported that Tehran refuses to sit down with US delegates for another round of talks due to Washington’s “excessive demands, unrealistic expectations, constant shifts in stance,…
The AUD/USD pair attracts some sellers to near 0.7140 during the early Asian session on Monday. Escalating tensions between the US and Iran continue to weigh on the Australian Dollar (AUD) against the US Dollar (USD). The US March Retail Sales report will be in the spotlight later on Tuesday. The Iranian state TV reported on Sunday that Tehran rejected new peace talks with the US following US President Donald Trump’s post on Truth Social, indicating US representatives were heading to Pakistan for another round of negotiations on Monday.Iran has blocked the Strait of Hormuz since the US and Israel struck on…