Forex News

Japan’s Finance Minister Satsuki Katayama said on Monday that the officials are ready to respond appropriately to the currency moves at any time as needed. Katayama declines to comment on specific exchange levels. Key quotes Won’t comment on specific FX levels. Ready to respond appropriately to currency moves at any time as needed. Market reaction  At…

EUR/USD softens to around 1.1460 in Monday’s early Asian session.  Trump threatened to restart the war with Iran on Sunday.  ECB’s Wunsch sees possible hike ‘to be on safe side.’  The EUR/USD pair drifts lower to around 1.1460 during the early Asian session on Monday. Concerns about progress for the US-Iran peace deal and expectations…

Gold price posts modest losses near $4,155 in Monday’s early Asian session.  Traders will closely watch the developments surrounding US-Iran peace talks.  Concerns about progress for the US-Iran peace deal and hawkish Fed signals could weigh on gold.  Gold price (XAU/USD) trades with mild losses around $4,155 during the early Asian session on Monday. Traders…

West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1 bullish gap, retesting the $78 mark, nearly up 2% in early dealings. The black gold is still up 1.15%, as of writing, holding above $77 as oil supply concerns resurface after Iran closed the Strait of Hormuz…

GBP/USD edges lower to around 1.3210 in Monday’s early Asian session. UK PM Starmer is expected to resign after a political challenge. Hawkish signals from the Fed underpin the US Dollar. The GBP/USD pair faces some selling pressure near 1.3210 during the early Asian trading hours on Monday, pressured by UK political uncertainty. The British…

The Japanese Yen remains vulnerable near two-year lows early Monday. The US Dollar catches fresh haven demand on renewed Iran threat. All eyes remain on the US-Iran geopolitical situation and potential Japanese intervention. The Japanese Yen (JPY) is facing fresh headwinds and looking to resume its downside against the US Dollar (USD) as a new…

AUD/USD softens to near 0.7005 in Monday’s early Asian session. Renewed tensions between the US and Iran weigh on the Australian Dollar as a riskier asset. Traders begin placing bets on when the next US rate hike would come. The AUD/USD pair declines to around 0.7005 during the early Asian session on Monday. The Australian…

Citing a source with knowledge of the matter, Reuters reported on Monday that the United Kingdom (UK) Prime Minister (PM) Keir Starmer was reassessing his political future on Sunday after rival Andy Burnham’s decisive parliamentary election victory prompted additional ministers from the governing Labour Party to call for his resignation. “Keir likes to think about things,”…

Here’s a brief recap of the key developments in the US-Iran geopolitical front that occurred over the weekend, especially after Iran closed the Strait of Hormuz on Saturday over Israel’s attacks on Lebanon, and amid renewed peace talks in Switzerland. Iranian negotiators suspended high-stakes talks with the United States (US) in Switzerland in response to a flurry…

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: “Do not approach the Strait of Hormuz; otherwise, your…