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Hindustan Times
14 hours ago
- Business
- Hindustan Times
Dollar Strengthens After U.S. Strikes on Iran's Nuclear Sites
WSJ Jun 23, 2025 07:24 AM IST 0125 GMT — The dollar strengthens against most other G-10 and Asian currencies in the morning session after the U.S. strikes on Iran's nuclear sites over the weekend. 'The USD lifts because the USD is a safe haven and the U.S. is a net energy exporter,' CBA's Global Economic & Markets Research team says in a note. 'How high the USD lifts is now in the hands of political and military leaders in the U.S., Israel and Iran,' the team adds. The ICE USD Index is up 0.4% to 99.06, USD/KRW adds 0.7% to 1,383.73, and AUD/USD falls 0.4% to 0.6427, according to FactSet data. ( PREMIUM A protester with a US dollar note taped over her mouth participates in a demonstration in support of Iran and Palestinians in Gaza, and against the actions of Israel and the United States in Sydney on June 22, 2025.(AFP)
Wall Street Journal
29-04-2025
- Business
- Wall Street Journal
Oil Declines Amid Concerns Over U.S.-China Trade Conflict
0006 GMT — Oil declines amid concerns over the U.S.-China trade conflict. Treasury Secretary Bessent said in an interview with CNBC that it is 'up to China' to de-escalate trade tensions with the U.S. 'Recent developments in U.S. trade policy as well as the escalating tit-for-tat between U.S.-China on the trade front do not bode well for global growth,' three members of OCBC's Global Markets Research say in a research report. When economic growth in the U.S. and China slows, areas including industrial activity will be impacted, putting downward pressure on oil demand, they add. Front-month WTI crude oil futures are down 0.3% at $61.86/bbl; front-month Brent crude oil futures are 0.4% lower at $65.61/bbl. (
Wall Street Journal
24-04-2025
- Business
- Wall Street Journal
JGBs Fall Amid Improving Risk Appetite
0016 GMT — JGBs fall in price terms in the morning Tokyo session amid an improving risk appetite indicated by gains in Japanese stock markets. Better risk sentiment typically reduces the safe-haven appeal of government debt. Investors may also be adopting a cautious stance before the Finance Ministry's auction today of 2.6 trillion yen of two-year sovereign notes. The outcomes of two-year JGB auctions usually don't move the JGB market, but today's auction will likely give investors an idea of the BOJ's rate-hike expectations, SMBC Nikko Securities' senior Japan rates strategist Ataru Okumura says. Five-year JGB yield is up 2.5bps at 0.925%. (
Wall Street Journal
01-04-2025
- Business
- Wall Street Journal
JGBs Fall After BOJ Tankan Shows Higher Inflation Forecasts
0022 GMT — JGBs fall in price terms in the morning Tokyo session after the Bank of Japan's 8301 0.00%increase; green up pointing triangle Tankan survey showed higher inflation forecasts. Japanese enterprises have raised their inflation forecasts for one year, three years and five years ahead, backing the case for more rate increases from the BOJ. The Tankan indicated Japanese enterprises projected consumer prices to rise 2.5% in one year versus 2.4% increase in the prior survey, and to rise 2.4% in three years versus 2.3% increase in the prior survey. They also forecast inflation to rise 2.3% in five years from a 2.2% increase in the prior survey. The 10-year JGB yield is up 2bps at 1.505%. (
Wall Street Journal
01-04-2025
- Business
- Wall Street Journal
Gold Edges Higher Amid Prospects of Broader, Higher U.S. Tariffs
2344 GMT — Gold edges higher in the early Asian session amid prospects of broader and higher U.S. tariffs that would enhance the safe-haven allure of the precious metal. Recently, President Trump has pressured his team to be more aggressive on tariffs, encouraging the team to devise plans that would apply higher rates of tariffs on a broader set of countries, the WSJ reported, citing people familiar with the conversations. Gold starts 2Q from a historically strong position, underpinned by economic and geopolitical conditions that fully justify its current appeal, Pepperstone's research strategist Quasar Elizundia says in an email. Spot gold is 0.1% higher at $3,125.43/oz. (
