Forex News
Commerzbank’s Carsten Fritsch uses Alan Greenspan’s death to revisit his long-standing support for Gold as a premier currency. The bank notes Greenspan’s consistent scepticism toward fiat money, the abolition of the Gold standard, and links his remarks to the sharp rise in Gold prices in recent years and supportive survey evidence from central banks compiled by the World Gold Council.
Monetary doubts underpin long term appeal
"Former Fed Chairman Alan Greenspan died yesterday at the age of 100. As chairman of the Federal Open Market Committee from 1987 to 2006, Greenspan shaped the monetary policy of the US Federal Reserve."
"Under his leadership, the Fed began lowering interest rates and expanding liquidity during crises, which calmed the markets in the short term but was not without negative side effects in the medium to long term. Less well known to many is his view on gold. Greenspan was considered a supporter of the gold standard long before his time at the Fed."
"A quote from the 1966 essay “Gold and Economic Freedom” has become legendary: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. "There is no safe store of value.” He held fast to this view even after leaving the Fed. In 2014, he said: “Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.” "
"The gold standard has been abolished since 1971 at the latest, when US President Nixon ended the US dollar’s peg to gold. Greenspan’s remarks, however, speak for themselves. The sharp rise in the price of gold in recent years attests to this, as does the survey of central banks’ views on gold recently published by the World Gold Council."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
In a post published on Truth Social on Tuesday, United States (US) President Donald Trump claimed that Iran has "fully and completely" agreed to highest level nuclear inspections long into the future.
"If they did not agree to this, there would be no further negotiations! Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain open, with no further naval blockade," Trump added.
Market reaction
These comments don't seem to be having a noticeable impact on the US Dollar's (USD) performance. At the time of press, the USD Index was trading at its highest level since May 2025 at 101.25, rising 0.25% on the day.
ING strategists Warren Patterson and Ewa Manthey say global Aluminium output is rising, including in China, Europe and Asia ex-China, but the market remains in deficit. They estimate around 3mt of capacity has been lost to Middle East disruptions and is unlikely to return quickly. The team continues to forecast a sizeable global Aluminium deficit this year.
Supply disruptions keep market tight
"In other metals, data from the International Aluminium Institute (IAI) showed that global primary aluminium output rose 3.5% month-on-month to 6.2mt in May. This reflects higher production across most major regions. "
"However, the aluminium market is still expected to remain in deficit this year. Supply disruptions linked to the Middle East conflict have removed an estimated 3mt of production from the market."
" Lost capacity is unlikely to return quickly given the lengthy restart process for smelters. We continue to forecast a global aluminium deficit of around 1.8mt this year."
"China's aluminium production rose 2% YoY to 3.8mt in May as stronger margins supported smelter utilisation rates. Aluminium exports continued to increase, rising 16% YoY in May, supported by stronger international prices. However, further production growth remains constrained by government capacity caps."
"Aluminium production increased across Europe and Asia ex-China in May, while Gulf output remained more than 35% below year-ago levels due to ongoing supply disruptions linked to the Iran conflict."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Societe Generale analysts expect the Hungarian central bank Magyar Nemzeti Bank (MNB) to cut rates by 25 bps to 6.0%, citing improved sentiment after Peter Magyar’s election victory and an EU-friendly policy stance. Stronger funding conditions and sub-target inflation have driven EUR/HUF to around 350, its lowest since August 2021, with scope for further MNB easing by year-end.
MNB easing backed by stronger forint
"In EM, our house view is for a 25bp rate cut in Hungary today to 6.0%, in line with consensus. The carry remains attractive compared to regional peers incl Czech Republic and Poland (both policy rates at 3.75%), but improved investor sentiment since the election victory of Peter Magyar in April has created room for the MNB to ease policy."
"EUR/HUF retraced to around 350/EUR, the lowest since August 2021. Headline inflation slowed to 1.8% in May, below the 2–4% target band, reinforcing the easing case. Tactical profit-taking in the forint is likely given stretched positioning. Our base case is for the MNB rate to fall to 5.0% by year-end."
"The euro-friendly policy stance, unlocking EU funds and commitments to fiscal discipline have all bolstered confidence in the forint. Funding conditions have eased materially, with the 10y yields falling to ~5.15% from 7.47% in March, below Poland (5.41%). Swaps have come down to 4.81%."
"EUR/HUF recently reached the lower limit of a descending channel in place since 2022 at 348, which is also a projection and may act as an intermittent support."
"A brief bounce is taking shape however it will be important to observe whether the pair can form a base and gradually reclaim the 50-DMA, currently around 358. An inability to maintain above 348 may lead to extension in decline towards the 2021 lows of 344/342."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- The Indian Rupee falls against the US Dollar amid hawkish Fed bets.
- Bank of America analysts see the Fed delivering three interest rate hikes this year.
- India's HSBC PMI expands at a moderate pace in June.
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Tuesday. The USD/INR pair rises to near 94.85 as a firm US Dollar due to escalated hawkish Federal Reserve (Fed) bets has faded the impact of lower oil prices amid progress in the United States (US)-Iran peace talks for a lasting deal.
During press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades firmly near 101.00, the highest level seen in over a year.
US Dollar outperforms amid hawkish Fed bets
The US Dollar continues to outperform its currency peers, as market experts appear confident that the Federal Reserve (Fed) will deliver a number of interest rate hikes this year.
Analysts at Bank of America (BofA) expect the Fed to deliver three interest rate hikes of 25 basis points (bps) in September, October, and December meetings, a sharp turnaround from the anticipation that the central bank will stand pat this year.
“The data simply don't warrant cuts this year. Core inflation is too high, and moving up. The solid April jobs report was the last straw, especially given hawkish Fedspeak," BofA analyst said.
In the monetary policy announcement last week, the Fed left interest rates unchanged in the range of 3.50%-3.75%, as expected; however, the dot plot, which reflects where policymakers collectively see the Federal Funds Rate heading in the short-to-long term, showed that interest rates could reach 3.8% by the year-end.
Continued progress in US-Iran talks keep oil prices lower
On Tuesday, the MCX Crude Oil contract expiring on July 20 is 0.2% higher to near 7,000, but is close to its over three-month low of 6,897 posted last week. Oil prices have remained lower amid progress in technical talks between the US and Iran.
Earlier in the day, US Vice President (VP) JD Vance expressed progress in technical talks with Tehran. “Yes, there was a little bit of threatening, there was a little bit of whining, but at the end of the day, the talks continued, and we made great progress,” Vance said, CNBC reported.
On Monday, US VP Vance said that Tehran had agreed to permit International Atomic Energy Agency (IAEA) inspectors back into Iran, calling it a “major milestone for the American people and the first step in permanently denuclearizing or permanently ending a nuclear weapons program in Iran.”
Lower oil prices bode well for currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs.
India's flash HSBC PMI expands moderately
India's preliminary HSBC Purchasing Managers' Index (PMI) expands again in June; however, the pace of growth has moderated in both manufacturing and services sector activity. The Composite PMI has arrived at 57.4, lower than 59.3 in May.
"Private sector activity eased a bit in June. Growth of manufacturing output softened a tad as inventory-building lost steam after a few hectic months. New export orders remained resilient and the order-to-inventory ratio ticked up, pointing at resilient manufacturing activity down the line. Input costs across the private sector rose, but at the slowest pace in five months," Pranjul Bhandari, Chief India Economist at HSBC, said.
Technical Analysis: USD/INR holds key support level near 94.00
USD/INR trades higher at around 94.85, but still holding a bearish near-term bias as price sits below the 20-period Exponential Moving Average (EMA) at 94.99 and under a broader downward resistance trend line that comes in near 95.57. The loss of traction below these caps suggests rallies are likely to be faded, while the Relative Strength Index (14) hovering under the 50 mark on the daily chart hints at waning upward momentum rather than outright oversold conditions.
On the topside, initial resistance is located at the 20-period EMA around 95.00, with a stronger barrier at the descending trend line near 95.57, which would need to be cleared to ease the current downside pressure. On the downside, immediate focus stays on the rising support trend line near 94.22, acting as the next key floor; a decisive break beneath this latter level would open the door to a deeper retracement within the broader uptrend structure.
(The technical analysis of this story was written with the help of an AI tool.)
Fed FAQs
Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
- XAU/USD retreated to $4,100 on Tuesday after rejection at the $4,220 area on Monday.
- Higher US Treasury yields and uncertainty about the US-Iran peace process are weighing on precious metals.
- Gold remains under pressure, with bears eyeing 2026 lows at the $4,025 area.
Gold (XAU/USD) reversed Monday’s gains and resumed the broader bearish trend on Tuesday, testing support at the $4,100 level after failing to extend gains beyond $4,220 on Monday. Higher US Treasury yields amid rising bets on Federal Reserve (Fed) rate hikes and uncertainty surrounding the US-Iran peace deal continue to weigh on the precious metal, which has depreciated by nearly $250 since the Iran conflict began.
The US Dollar (USD) is one of the stronger performers this week, buoyed by higher Treasury yields, as markets brace for Federal Reserve (Fed) rate hikes later in the year. The CME Group’s Fed Watch Tool shows a 70% chance of a hike in September, up from less than 30% a week ago, and is almost fully pricing at least a quarter-point hike before the end of the year.
Beyond that, investors remain wary of risk due to scepticism about progress in the US-Iran talks. Iranian negotiators said earlier on Tuesday that the technical talks have been completed, with no clear plan to reopen the key Strait of Hormuz and with the critical nuclear issue still in the air. A tense calm in Lebanon is keeping hopes alive, but the risk of derailment is still on the cards.
Technical Analysis: Bears focus on the 2026 low, at $4,023
XAU/USD trades at $4,120, holding a bearish near-term bias, with downside attempts contained above $4,100 so far. Momentum studies in the four-hour chart align with this softer tone, as the Relative Strength Index (14) retreats towards the low-40s while the Moving Average Convergence Divergence (MACD) indicator stays below zero, suggesting rallies are likely to meet selling interest into resistance.
Immediate support is at the mentioned $4,100 area, so far closing the path towards the year-to-date lows, at $4,023, and the $4,000 psychological level. Further down, the late October 2025 low, at the $3,885 area, would come into focus.
On the topside, initial resistance is seen at Monday's high, just above $4,220. Above that level, bulls are likely to be challenged at the confluence of the descending trendline resistance and the June 17 high, at the $4,370-$4,380 area.
(The technical analysis of this story was written with the help of an AI tool.)
(This story was corrected on June 23 at 11:57 GMT to say that the Odds for a Fed hike in September have risen to 70% from less than 30% a week ago, and not a year ago as previously stated.)
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
- The New Zealand Dollar slumps to near 0.5690 against the US Dollar amid hawkish Fed bets.
- Fed’s next monetary policy move is expected to be on the upside.
- The RBNZ will likely raise interest rates in the June meeting.
The New Zealand Dollar (NZD) faces significant selling pressure against its major currency peers during the European session on Tuesday, trading 0.4% lower at around 0.5690. The pair is under pressure as hawkish Federal Reserve (Fed) bets have weakened the appeal of riskier assets.
At press time, S&P 500 futures are down 1.36% to near 7,370, reflecting a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% higher to near 101.20, the highest level seen in over a year.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.27% | 0.30% | -0.10% | 0.19% | 0.82% | 0.51% | 0.21% | |
| EUR | -0.27% | 0.01% | -0.39% | -0.11% | 0.51% | 0.22% | -0.07% | |
| GBP | -0.30% | -0.01% | -0.36% | -0.09% | 0.51% | 0.21% | -0.08% | |
| JPY | 0.10% | 0.39% | 0.36% | 0.27% | 0.90% | 0.60% | 0.29% | |
| CAD | -0.19% | 0.11% | 0.09% | -0.27% | 0.64% | 0.33% | 0.02% | |
| AUD | -0.82% | -0.51% | -0.51% | -0.90% | -0.64% | -0.28% | -0.59% | |
| NZD | -0.51% | -0.22% | -0.21% | -0.60% | -0.33% | 0.28% | -0.32% | |
| CHF | -0.21% | 0.07% | 0.08% | -0.29% | -0.02% | 0.59% | 0.32% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
According to the CME FedWatch tool, the odds of the Fed hiking interest rates this year are almost 87%, a sharp turnaround from two interest rate cuts projected before the onset of the Middle East war.
Hawkish Fed bets have been escalated due to rising both headline and core United States (US) inflation and an improvement in labor market conditions.
On the economic data front, investors await the preliminary US S&P Global Purchasing Managers’ Index (PMI) data for June, which will be published at 13:45 GMT. The US Services PMI is expected to arrive higher at 51.0 from 50.7 in May. Meanwhile, the Manufacturing PMI will likely come in lower at 54.7 from the previous reading of 55.1.
On the New Zealand (NZ) front, the Reserve Bank of New Zealand (RBNZ) is widely expected to raise its Official Cash Rate (OCR) by 25 basis points (bps) to 2.5% in its policy meeting in July, Reuters reports. Hawkish RBNZ expectations are backed by accelerated inflationary pressures. In the first quarter this year, the Consumer Price Index (CPI) data remained steady at 3.1%.
Risk sentiment FAQs
In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
- GBP/JPY pulls back to 213.20 lows but remains trading within Monday's range.
- Weak UK business activity figures have put moderate pressure on the British Pound on Tuesday.
- The Yen is trimming some losses, as a Katayama-Bessent meeting has boosted speculation about a joint intervention.
The British Pound (GBP) pares Monday’s gains against the Japanese Yen (JPY) on Tuesday, weighed down by higher intervention risks and downbeat UK business activity figures. The GBP/JPY pair pulled back to session lows of 213.20 during the European Trading session, from Monday's 214.70 highs, but remains wavering without a clear bias within the last four weeks’ range.
The Pound came under moderate bearish pressure on Tuesday after softer-than-expected preliminary S&P Global Purchasing Managers' Index (PMI) data. The UK manufacturing PMI slowed down to 53.1 from 53.9 in May, below the 53.6 market consensus, while services activity accelerated its contraction to 48.7 in June from 49.3 in May, missing expectations of an improvement to 50.
Beyond that, an online meeting between Japanese Finance Minister Satsuki Katayama and the US Treasury Secretary Scot Bessent has boosted speculation about a potential coordinated action as the USD/JPY pair hit levels a few pips shy of the 40-year low, at 162.95.
Technical Analysis: Choppy, sideways price action
GBP/JPY trades at 213.54, holding a neutral to slightly bearish near-term stance. Momentum is mixed: the Relative Strength Index (14) has slipped back toward the mid-40s, hinting at waning bullish pressure, while the Moving Average Convergence Divergence (MACD) has turned modestly positive, hinting at a mild recovery attempt rather than a decisive trend resumption.
Bears remain contained above Monday's low, in the 213.30 area so far, which is closing the path towards the bottom of the monthly trading range, near 212.40. Bulls, on the contrary, would need a clear close above session highs, at the 214.20 area, and ideally above Monday's high, at 214.75, to ease the current cap and open the way towards June's top, in the 215.50-215.60 area.
(The technical analysis of this story was written with the help of an AI tool.)
(This story was corrected on June 23 at 10:18 GMT to say that the USD/JPY was near a 40-year high, instead of low, as previously reported.)
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | 0.21% | -0.11% | 0.17% | 0.65% | 0.35% | 0.17% | |
| EUR | -0.14% | 0.05% | -0.29% | -0.00% | 0.48% | 0.18% | 0.01% | |
| GBP | -0.21% | -0.05% | -0.30% | -0.03% | 0.45% | 0.14% | -0.03% | |
| JPY | 0.11% | 0.29% | 0.30% | 0.27% | 0.76% | 0.45% | 0.27% | |
| CAD | -0.17% | 0.00% | 0.03% | -0.27% | 0.50% | 0.19% | 0.00% | |
| AUD | -0.65% | -0.48% | -0.45% | -0.76% | -0.50% | -0.28% | -0.48% | |
| NZD | -0.35% | -0.18% | -0.14% | -0.45% | -0.19% | 0.28% | -0.20% | |
| CHF | -0.17% | -0.01% | 0.03% | -0.27% | -0.01% | 0.48% | 0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
TD Securities strategists note that Canadian headline Consumer Price Index (CPI) for May surprised to the upside, driven by energy and seasonal factors, while core measures remained stable near 2%. They argue this keeps inflation above Bank of Canada (BoC) projections but still allows policymakers to look through headline strength and stay on hold through 2026, with CAD bearishness seen as stretched.
BoC seen staying on hold through 2026
"Headline CPI surprised to the upside at 3.2% y/y in May as prices rose by 1.0% m/m, fueled by another large contribution from energy products along with seasonal tailwinds and some mean reversion in travel-related components. CPI-trim/median were unchanged at 2.0%/2.1% y/y, but firmed to 2.3% on a 3m annualized basis."
"The upside surprise in May leaves CPI tracking further above BoC projections from the April MPR, but we do not see anything in this report to keep the Bank from looking through headline CPI going forward. Core inflation measures are not showing any broad pressures from higher oil prices and indicators of CPI breadth declined from April. We look for the BoC to remain patient and stay on hold through 2026."
"Our views around the BoC remain the same, as the Bank can remain comfortably on the sidelines even as impacts from the war materialize in the data."
"Firmer inflation on the margin is taking some heat off of CAD. CAD bearishness is starting to look stretch and could reverse if Canadian data starts to stabilize. While it is hard to fight near-term USD strength, we like short AUDCAD on the crosses."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- Tehran says its missile and defensive capabilities will not be subject to negotiations with any foreign party.
- Iranian officials state that parties to the memorandum of understanding are first seeking to implement all of its provisions.
- The comments reduce the prospects of a near-term resumption of negotiations on Iran’s nuclear program.
Iran reaffirmed its red line on military issues on Tuesday, as markets continue to monitor geopolitical developments in the Middle East. According to Reuters, Iranian Foreign Ministry Spokesperson Esmaeil Baghaei said that Tehran’s missile and defensive capabilities would “not be subject to negotiations with any party.”
Baghaei also stated that the parties involved in the current memorandum of understanding are seeking to implement all of its clauses before opening new discussions on the nuclear issue.
The remarks suggest that Iran does not view an immediate resumption of nuclear negotiations as a priority until existing commitments are fully met.
Key takeaways
Iran's Baghaei says Tehran's missile and defensive capabilities won't be subject of negotiations with any party.
Iran's Baghaei says parties to MoU are trying to achieve all of its clauses before starting negotiations on nuclear issue.
Iran's Baghaei says concerned parties are trying to achieve all of MoU clauses before starting negotiations on nuclear issue.
Market reaction
Market reaction has remained limited following the comments. The US Dollar (USD) is trading firmer, with the US Dollar Index (DXY) rising 0.15% on Tuesday to around 101.15, while West Texas Intermediate (WTI) Crude Oil remains under pressure, down 0.90% on the day near $73.25 per barrel.
(This story was corrected on June 23 at 09:55 to say on Tuesday, not Monday.)
Forex Market News
Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.
At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you’re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.
Stay ahead with our comprehensive forex news coverage, designed to keep you informed and prepared to seize profitable opportunities in the dynamic world of forex trading.
