The US Dollar (USD) gained sharply during the Asian trading session on Thursday after Iran retaliated against recent US attacks near Bandar Abbas airport, according to Tasnim agency reports. At the time of writing, the US Dollar Index (DXY), which measures the Greenback against six major currencies, was trading 0.25% higher near the 99.50 level.
The GBP/USD pair came under pressure near the 1.3400 level during Asian trading hours on Thursday as investors moved toward safe-haven assets following fresh geopolitical developments in the Middle East. The British Pound weakened against the US Dollar as markets reacted cautiously to renewed military activity involving the United States and Iran. Investors also remained
The USD/CHF pair advanced during early European trading hours on Thursday, supported by renewed geopolitical tensions in the Middle East that boosted demand for the US Dollar against the Swiss Franc. The currency pair climbed to around 0.7895 as investors reacted to fresh military developments involving the United States and Iran. Market participants also remained
The Indian Rupee (INR) traded marginally higher against the US Dollar (USD) in early trade on Wednesday as falling crude oil prices supported sentiment for the domestic currency. The USD/INR pair slipped toward 95.70 after oil prices failed to sustain Tuesday’s recovery amid continued optimism surrounding a possible agreement between the United States and Iran.
The US dollar, which has spent months trading in a narrow range, could be poised for a stronger move higher as investors increasingly expect the Federal Reserve to focus on rising inflation risks rather than interest rate cuts. The dollar had weakened sharply in the first half of last year, falling nearly 11%. Since then,
Oil prices steadied in volatile trading on Tuesday after a sharp selloff in the previous session, as hopes for progress on reopening the Strait of Hormuz helped ease some of the market’s worst fears over energy supplies. Brent crude recovered around 1.5% to $97.76 a barrel after sliding 7% on Monday. The rebound followed a
The US dollar remained resilient against major currencies during the European session on Tuesday after weakening in the previous session, as geopolitical tensions in the Middle East continued to keep investors cautious. Although markets initially welcomed reports suggesting progress in negotiations between the United States and Iran, escalating tensions in the Strait of Hormuz limited
The British pound weakened on Tuesday as investor optimism surrounding a possible Iran peace agreement faded following recent US attacks on Iranian targets and comments from US Secretary of State Marco Rubio suggesting negotiations could take more time. Sterling was last down 0.2% against the US dollar at $1.348 after gaining 0.6% on Monday. The
The NZD/USD exchange rate pulled back today, May 25, as forex traders for the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision, which happens on Wednesday this week. It retreated to 0.5872, down by nearly 2% from its highest point this month. RBNZ interest rate decision ahead The main catalyst for the NZD
The US dollar held close to a six-week high on Friday as resilient US economic data and uncertainty over US-Iran talks kept demand for the greenback intact. The dollar index traded at 99.24, little changed on the day and just below Thursday’s high of 99.515, the strongest level since April 7. The move extended a