USD/JPY retreats on Monday and trades around 159.60 at the time of writing, down 0.44% on the day, after reaching a nearly 20-month high above 160.00 earlier in the day. The move lower follows renewed warnings from Japanese authorities about … [Continue reading]
Iran warns against linking Ukraine war to Iran-US-Israel tensions
Iran’s Foreign Ministry spokesperson Esmail Baghaei delivered several statements on Monday reported by Reuters, warning against what he described as a “catastrophic miscalculation” in attempts to link the war in Ukraine to the conflict involving … [Continue reading]
USD: Conflict-driven support persists on energy risks – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan notes that the US–Iran conflict and threats to Middle Eastern energy infrastructure are keeping energy risk premia elevated, supporting the Dollar. Higher Oil prices and risk‑off sentiment are seen feeding … [Continue reading]
US Dollar Index trades broadly firm above 100.00 amid fears of widening Iran conflicts
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower near 100.15 in the Asian trading session on Monday after retracing from its intraday high of 100.35. Still, the USD Index is close to … [Continue reading]
Ripple CEO urges lawmakers to codify legislation in CLARITY Act, says it will prevent ‘another Gensler’ scenario
Ripple CEO Brad Garlinghouse said progress on the Digital Asset Market Clarity Act (CLARITY) may take longer than expected. Speaking on Fox Business' Mornings on Friday, he said the bill is unlikely to pass Congress by the end of April, pushing back … [Continue reading]
Ethereum Weekly Price Forecast: Weak institutional demand, Middle East crisis weigh on ETH
Ethereum price today: $1,980Ethereum slides below $2,000 amid escalating Middle East crisis.Institutional demand for ETH has plunged following seven consecutive days of net outflows from Ethereum ETFs.ETH eyes the $1,911 support level as sellers … [Continue reading]
Thai Baht: War-driven pressures challenge BOT stance – DBS
DBS Group Research economist Chua Han Teng highlights that Thailand’s financial markets, particularly the Thai Baht (THB) and equities, are under pressure due to vulnerability to Middle East conflict-related commodity shocks. The report notes that … [Continue reading]
Philippines: Extended pause view after BSP off-cycle move – UOB
UOB’s Global Economics & Markets Research, via Julia Goh and Loke Siew Ting, notes that the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) kept the RRP (Reverse Repurchase Rate) rate at 4.25% in an off-cycle meeting as … [Continue reading]
Intercontinental Exchange lifts Polymarket stake to $1.6 billion with latest investment
Intercontinental Exchange (ICE), operator of the New York Stock Exchange (NYSE), has made a $600 million direct cash investment in blockchain-based prediction market Polymarket, according to a statement on Friday.The investment moves ICE closer to … [Continue reading]
Silver Price Analysis: Rebound capped below $70 with downside risks intact
Silver (XAG/USD) price turns positive on Friday after posting back-to-back bearish sessions, as heightened tensions in the Middle East decreased the white metal’s safe-haven appeal, prompting traders to turn to the US Dollar (USD). Nevertheless, … [Continue reading]