Read Direct FX's weekly market news, updates on currency pairs or check out this week's calendar of economic events. Download the free Direct FX app for access to all of this and contact our FX experts if you have any questions or would like to open a free account.
The resurgent USD remains the dominating force in currencies this week with a sharp repricing of Federal Reserve expectations after last weeks Fed meeting. The US Dollar (USD) has been the best performing currency this week on the main board while the Japanese Yen (JPY) is the worst performer.
Read more →United States and Iran have made significant progress in peace talks with further discussions to be held this week. Markets haven’t completely turned “risk on” with negotiation risk weighing on market sentiment.
Read more →The US and Iran have remotely signed (electronically) a Memorandum of Understanding to end the war in Iran and open the Strait of Hormuz. This comes ahead of schedule which means the agreement is now in effect. The AUD has been the strongest performer over the week on the main board.
Read more →Markets turned risk positive Monday on the news an interim peace agreement between the US and Iran had been made. Both parties have signed a Memorandum of Understanding (MOU) which should allow the immediate reopening of the Strait of Hormuz and the lifting of the US blockade on Iran.
Read more →Markets turned “risk on” early this morning after headline news suggested US President Trump has announced a deal with Iran. The US Dollar (USD) as the strongest performer this week on the main board while the Japanese Yen (JPY) was the worst performer- 5 weeks straight.
Read more →Goldman Sachs now forecasts no Fed Rate cuts until 2027 citing Friday’s jobs number and low unemployment. The general market is still pricing in a hike in December and as early as September.
Read more →The Australian economy grew at an annual rate of 2.5% in the March quarter the same as the December quarter. The US Dollar (USD) has been the strongest performer this week on the main board while the Japanese Yen (JPY) was the worst performer 3 week’s running.
Read more →Iran has stopped all indirect communication with Washington as Iran forces are planning to completely block the Strait of Hormuz. Trump says this is false. The New Zealand Dollar (NZD) has been the strongest performer last week on the main board while the Japanese Yen (JPY) was the worst performer.
Read more →Iran and the US both reject deal – no “final deal” has been reached yet. The New Zealand Dollar (NZD) has been the strongest performer this week on the main board while the Japanese Yen (JPY) has been the worst performer.
Read more →
