Market News
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Euro: Political risks but downside bias â ING
Francesco Pesole at ING discusses Euro resilience despite French political developments, including Marine Le Penâs 2027 bid and expectations of an RN win.
New Zealand Dollar: RBNZ hawkish path supports currency â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad reports that the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.50%, largely priced in, triggering an New Zealand Dollar (NZD) rally before gains were trimmed by Middle East tensions.
US Dollar: Warsh risks skewed to cuts â Commerzbank
Commerzbankâs Antje Praefcke argues that interest rate differentials are again driving the Dollar, with USD reacting strongly to weaker US data as markets reassess new Fed Chair Kevin Warsh.
Oil: Conflict-driven volatility and positioning â BNY
BNYâs Geoff Yu highlights growing fragility in global markets as President Trump declares the Iran ceasefire over and U.S. strikes in the Strait of Hormuz reignite Oil volatility.
Swiss Franc holds losses as fresh US-Iran tensions support the US Dollar
The Swiss Franc (CHF) nurses minor losses against the US Dollar (USD) on Wednesday but is depreciating nearly 0.7% so far this week.
British Pound slumps against US Dollar as risky assets turn fragile
The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets.
Polish Zloty: Dovish NBP stance weighs on PLN â ING
INGâs Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation.
Australian Dollar weakens on renewed Iran tensions ahead of Fed Minutes
AUD/USD falls to around 0.6920 on Wednesday at the time of writing, down 0.13% on the day after giving back its earlier gains.
Swedish Krona: Growth strong, currency soft â Societe Generale
Societe Generaleâs Kit Juckes argues that Swedenâs strong growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He notes Swedenâs superior debt sustainability and recent data showing robust Gross Domestic Product (GDP) and minimal inflation.
Gold slides as US-Iran tensions revive Fed rate hike bets, FOMC Minutes loom
Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was âoverâ during the NATO Summit in Ankara, Turkey. However, Reuters later reported that Trump did not repeat those remarks, citing a source familiar with the talks.
Canadian Dollar outperforms its peers amid rallying oil prices
The Canadian Dollar (CAD) trades higher against its major currency peers, with USD/CAD sliding 0.26% to near 1.4160 during the European trading session on Wednesday.
US Dollar Index: Conflict-driven support and rate backdrop â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes that renewed Middle East tensions are pressuring stocks and bonds while supporting the US Dollar (USD) and Oil.
EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence
The Euro (EUR) is trading flat against the British Pound (GBP) on Wednesday, with bears contained above 0.8535 yet failing to find acceptance above 0.8650 so far.