The NZD/USD rallied sharply on Wednesday, boosted by a double whammy. The de-escalation of the Middle East conflict, and hawkish remarks by the RBNZ Governor, Anna Breman, post the bank’s monetary policy meeting. At the time of writing, the pair … [Continue reading]
XRP extends recovery on fresh ETF inflows, growing risk appetite
Ripple (XRP) is edging up above $1.38 at the time of writing on Wednesday, buoyed by improving market sentiment after the United States (US) suspended attacks on Iran amid a two-week ceasefire.Cryptocurrency prices broadly recovered following … [Continue reading]
AUD/USD eases below 0.7050 as the market digests the ceasefire in Iran
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran. The pair, however, has retreated from session highs at 0.7084 during the … [Continue reading]
EUR/USD: Dollar slips on Gulf ceasefire – Commerzbank
Commerzbank’s Michael Pfister notes that the tentative ceasefire between the US and Iran and the reopening of the Strait of Hormuz triggered a sharp textbook reaction, with Oil falling and the US Dollar weakening, pushing EUR/USD back towards 1.17. … [Continue reading]
Breaking: RBNZ leaves interest rate unchanged at 2.25%, as expected
The Reserve Bank of New Zealand (RBNZ) decided to hold the Official Cash Rate (OCR) steady at 2.25% after concluding the April monetary policy meeting on Wednesday.The decision aligned with the market expectations.More to come....This section below … [Continue reading]
Pakistan PM Sharif asks Trump to extend Iran Hormuz deadline by two weeks
Recently, Pakistan requested a two-week extension from US President Donald Trump to a deadline that he imposed eleven days ago. According to a senior Iranian official, Tehran is “positively reviewing Pakistan's request for a two-week ceasefire.” At … [Continue reading]
Gold trades choppy as Trump’s Iran ultimatum weighs on market sentiment
Gold (XAU/USD) is trading in a choppy range on Tuesday with markets on edge as the ultimatum from US President Donald Trump to reach a deal with Iran nears its deadline. At the time of writing, XAU/USD is trading around $4,658, with price action … [Continue reading]
RBNZ: Constrained as energy shock bites – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of New Zealand (RBNZ) to keep the OCR at 2.25%, with Governor Breman set to update growth and inflation projections. Despite economic slack, elevated inflation and market pricing … [Continue reading]
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
The broader cryptocurrency market whipsaws as Tuesday’s 08:00 PM ET deadline imposed by US President Donald Trump on Iran nears, sending Bitcoin below $69,000. Liquidations over the last 24 hours reached $230 million, while Artificial … [Continue reading]
Gold remains depressed as Hormuz standoff supports USD amid hawkish Fed rate bets
Gold (XAU/USD) remains on the back foot during the Asian session on Tuesday, though it lacks follow-through selling and trades in the previous day's broader range. Hopes for a last-minute agreement between the US and Iran are fading ahead of … [Continue reading]