Emerging market currencies drop as oil prices surge amid US-Iran standoff

Emerging market currencies drop as oil prices surge amid US-Iran standoff
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Emerging market currencies drop as oil prices surge amid US-Iran standoff
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Markets Oil isn’t impressed by the Axios report of this morning. The news outlet wrote that Iran offered a new proposal to the US which states that it is ready to reopen the Hormuz Strait, provided that the US ends its blockade too. Nuclear talks would come later. The US administration has yet to respond…
GBP/USD – 05.09.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX;visibility:hidden”> Source link
Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing investors to reassess everything from inflation risks and monetary policy to equity valuations and currency dynamics. At the center of…
USDJPY: The USD/JPY pair is trading with small losses, hovering around the mid-143.00s after disappointing US economic growth data and weak Japanese economic reports caused a divergence in sentiment between the two currencies. The US economy contracted 0.3 per cent in the first quarter of 2025, the first contraction since 2022, missing growth expectations and…
Bank of Canada (BoC) Governor Tiff Macklem and Canadian Finance Minister François-Philippe Champagne gave dueling talking points on Thursday, reviewing their G7 experiences this week. Both officials acknowledged that broad discussions about US tariffs took place, but warned that “excess capacity” may exist on the other side of US import taxes, which is the nicest…
Sellers managed to completely reverse the earlier sharp price jump, which confirms the previously made assumptions regarding further impulse declines. Now, the buyers seem to be broken, and this is an opportunity for the Japanese yen to improve its position by strengthening slightly. It’s possible that today we’ll see…