European Central Bank: Hawkish forecasts point to higher terminal rate – Nomura
Nomura’s European Economics team, led by Andrzej Szczepaniak and colleagues, notes that the ECB delivered a 25bp hike to a 2.25% depo rate and unveiled more hawkish forecasts. Despite a…
New Zealand Dollar slips as strong US data bolster US Dollar gains
NZD/USD trades around 0.5830 on Friday at the time of writing, down 0.15% on the day as the US Dollar (USD) maintains a firm tone following a series of strong…
Canadian Dollar: Overbought Dollar holds near 1.40 ceiling – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the Canadian Dollar (CAD) is weighed down by weaker Oil prices linked to Iran peace hopes, even as improved risk appetite…
Trans Mountain oil pipeline hits full capacity as Strait of Hormuz crisis disrupts supply
The Strait of Hormuz disruption from the escalating US-Iran conflict is already redirecting global crude flows, with Asian buyers turning to alternative supply sources including Canadian heavy crude via Trans…
CEE FX: Risk-on bounce but policy still key – ING
ING’s Frantisek Taborsky notes that headlines on a possible end to the US-Iran conflict triggered a risk-on move, helping Central and Eastern European currencies erase recent losses. He highlights a…
Euro supported by hawkish ECB rhetoric as British Pound struggles after weak GDP
EUR/GBP holds firm on Friday, with the Euro (EUR) modestly outperforming the British Pound (GBP) as weak UK Gross Domestic Product (GDP) data reinforced signs of a slowing economy. At…
Brent falls to lowest since March on expected peace deal
Brent falls to lowest since March on expected peace deal Source link
British Pound: Steady against US Dollar before key BoE and data – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the British Pound (GBP) is consolidating recent gains around 1.3400, with domestic risk elevated ahead of next week’s CPI, labour data…
US officials’ comments on Iran negotiations put mild pressure on US Dollar
United States Vice President JD Vance said on Friday that Iran would not receive cash or released funds simply for signing a potential agreement, pushing back against what he described…
Update: Iran shuts Strait of Hormuz to all vessels, says ships will be targeted
A formal closure order for the Strait of Hormuz, backed by an actual strike on two vessels, marks a major escalation with direct implications for roughly a fifth of global…
