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 Leb...
Brent is back near $80 and West Texas Intermediate near $77, which means the Oil market has handed back almost the entire premium it built over nearly four months of open war with Iran....
The textbook calls the Canadian Dollar a petro-currency, which means that with a Middle East war keeping Crude Oil bid, the Loonie should be holding its own....
The Euro did something this week that ought to be impossible: it fell in the same fortnight the European Central Bank (ECB) delivered its first interest rate hike since 2023....
The Australian Dollar spent this week as a passenger in someone else’s trade....
Gold (XAU/USD) price edges lower by some 1.69% on Friday, poised to end with losses for the third consecutive week.At the time of writing, XAU/USD trades at $4,147, weighed by overall US Dollar streng...
The New Zealand Dollar dives for the third consecutive day, down in the week by over 1.48%, after hitting two-month lows of 0.5722 against the Greenback. The NZD/USD trades at 0.5738, down 0.25% on th...
The USD/JPY pair trades near 161.00 on Friday, easing slightly after reaching a two-year high of 161.81 on Thursday, and breaking a five-day winning streak for the US Dollar (USD).The Japanese Yen (JP...
The Swiss Franc is the weakest major into the weekly close, dragging USD/CHF to a fresh high for the year. The tidy explanation is a wartime safe-haven bid unwinding now that the US and Iran have stru...
USD/CHF extends gains on Friday even as the US Dollar (USD) eases slightly after rising to more than one-year highs. Diverging monetary policy expectations between the Federal Reserve (Fed) and the Sw...