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Gold (XAU/USD) retreats from a three-week high, touched during the Asian session on Tuesday, as traders await the release of the latest US consumer inflation figures before positioning for the next leg of a directional move. In the meantime, the incoming negative headlines surrounding the Middle East crisis dampen hopes for a US-Iran peace deal and benefit the US Dollar’s (USD) reserve currency status. Furthermore, a diplomatic setback remains supportive of elevated Crude Oil prices, fueling inflationary concerns and bets for more hawkish central banks, including the US Federal Reserve (Fed). This contributes to a modest USD uptick and caps…

Iranian Parliament speaker Mohammad Bagher Ghalibaf warned on Monday that Iran’s military was fully prepared to retaliate against any future attacks after rising tensions threatened the fragile ceasefire in the Middle East, Reuters reported. Ghalibaf said on X that Iran’s armed forces remained on high alert and capable of responding decisively to any aggression.Earlier Monday, US President Donald Trump said the ceasefire between the United States (US) and Iran is on “massive life support” after he rejected Tehran’s latest peace offer, which he called “simply unacceptable,” Bloomberg reported on Monday.Iran responded to latthe latest peace proposal by demanding a lifting of Washington’s…

US equity index futures opened the week little changed as Wall Street weighed a renewed flare-up in the US-Iran standoff against this week’s marquee inflation print. Dow Jones Industrial Average (DJIA) futures hugged the flat line above 49,500 in premarket trade, with the S&P 500 ticking marginally lower and the Nasdaq Composite softer after Friday’s record-setting close. The Russell 2000 outperformed, helped by a bid for energy and small-cap industrials.Trump rejects Iran offer, Oil spikesPresident Trump on Sunday torpedoed Iran’s response to the latest US ceasefire proposal, calling it “totally unacceptable” on social media and warning that the truce was…

The rupee on Monday suffered its biggest single-day decline in nearly one-and-a-half months and closed at a record low as proposals floated by the US to end the West Asia war did not find favour with Iran, leading to spike in crude oil prices and exacerbating FPI-related dollar outflows from domestic equities.Moreover, Prime Minister Narendra Modi’s weekend speech about the need to conserve foreign exchange through austerity measures such as reducing petrol and diesel consumption by reluing more public transport, reducing or postponing gold purchases for a year and avoiding unnecessary overseas travel.The rupee closed at an all-time low of…

BNP Paribas economists project Eurozone Gross Domestic Product (GDP) growth slowing from 1.5% in 2025 to 1.0% in 2026 and 1.3% in 2027, with inflation rebounding to 3.0% and 3.3%. Activity is expected to withstand the energy shock thanks to investment in defence, AI and electrification. They anticipate two 25 bp ECB rate hikes in 2026, lifting the deposit rate to 2.5%.Growth slows as ECB turns tighter”Eurozone growth would slow due to spillovers from the Middle East conflict.””GDP growth, which reached 1.5% in 2025, would slow down to 1.0% in 2026 and 1.3% in 2027, while inflation would rebound to…

The Indian rupee endured its sharpest drop in more than a month on Monday to end at it weakest closing level on record as a run-up in crude prices battered the currency after U.S. President Donald Trump rejected Iran’s response to a U.S. peace proposal. The rupee fell nearly 0.9% ‌to 95.31 ⁠per dollar ⁠in its steepest single-day drop since March 27, tracking losses in regional peers. Brent crude rose 2.5% to $103.8 per barrel as shipping through the Strait of Hormuz, a key energy artery handling about a fifth of global oil and liquefied natural gas flows, remained paralysed.…

Rabobank’s Global Strategist Michael Every highlights United States (US) legislative moves on US Dollar (USD) stablecoins via the CLARITY and GENIUS Acts, stressing how reward structures could entrench Dollar-linked digital assets in global finance. Every contrasts this with the European Central Bank’s (ECB) scepticism on Euro (EUR) stablecoins and notes that a stronger EUR role would require deeper capital markets and a larger safe-asset pool, not just payments innovation.US stablecoins versus Euro alternatives”Meanwhile, a revolution may be taking place in the geoeconomic sphere. The CLARITY Act working its way through the US Congress as companion to the GENIUS Act that…

The rupee opened about 73 paise weaker on Monday as crude oil prices spiked amid Iran rejecting US proposals to end the war and continued FPI-related outflows, which dragged down domestic equities. It is now back over the 95 level.The Indian currency opened sharply weaker at 94.9750 per US Dollar against the previous close of 94.25. It is currently trading at 95.20 level.Brent crude oil surged over 4% to exceed $105 per barrel. This has a direct impact on the Rupee as India has to pay more for its oil imports. Further, it also has an inflationary effect in the…

For years, conversations around the Indian rupee have revolved almost entirely around one currency — the US dollar. Every fresh record low against the greenback in the last couple of months sparked debate over oil prices, inflation, and foreign outflows. But over the past year, a far bigger and more striking trend has quietly unfolded beneath the surface: the rupee has weakened against every major global currency and its steepest fall hasn’t even been against the dollar.Data shows that the Indian rupee has fallen the most against the Australian dollar, sliding more than 25% since May last year. The Chinese…

The USD/CHF pair holds opening gains around 0.7785 during the Asian trading session on Monday. The Swiss Franc pair reflects strength as the US Dollar (USD) outperforms its peers amid the return of the risk-off impulse due to diminished hopes of an immediate breakthrough in negotiations between the United States (US) and Iran. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.24%0.31%0.31%0.08%0.21%0.34%0.30%EUR-0.24%0.08%0.04%-0.19%-0.02%0.11%0.06%GBP-0.31%-0.08%0.00%-0.26%-0.09%0.02%-0.02%JPY-0.31%-0.04%0.00%-0.24%-0.06%0.05%-0.01%CAD-0.08%0.19%0.26%0.24%0.17%0.24%0.23%AUD-0.21%0.02%0.09%0.06%-0.17%0.11%0.07%NZD-0.34%-0.11%-0.02%-0.05%-0.24%-0.11%-0.03%CHF-0.30%-0.06%0.02%0.00%-0.23%-0.07%0.03% The heat map shows percentage changes of major currencies against each other. The base currency is…