Currency Market News

A tentative US–Iran ceasefire pushed oil below $100 and reduced safe-haven demand for the dollar, lifting EUR/USD above 1.1700 and pressuring USD/JPY below 158.25. Separately, the RBI signalled that recent onshore-offshore rupee curbs are temporary measures to curb speculative arbitrage and restore orderly INR trading.

The U.S. dollar strengthened as renewed Middle East tensions pushed investors to safe havens and lifted the DXY. Meanwhile the AUD climbed on stronger-than-expected Australian jobs and firmer commodity prices, lifting AUD/USD toward 0.6920.

A stronger-than-expected U.S. Non-Farm Payrolls print and heightened Middle East tensions pushed the US dollar higher, lifting the DXY above 100. Meanwhile the Japanese yen traded close to 160 per dollar as Tokyo warned it stands ready to intervene amid a surge in speculative short positions.

A stronger U.S. labor cost release revived Fed tightening bets, lifting the dollar and driving AUD/USD toward 0.6630. Separately, Commerzbank warns that structural strains keep the Turkish lira under pressure despite recent CPI prints, highlighting fragile local fundamentals and elevated FX volatility for EM currencies.

Rising oil prices amid renewed Middle East tensions have reinforced broad U.S. dollar strength as investors seek safety and anticipate inflationary pressure. Separately, softer Chinese PMI data has weakened the NZD, pushing NZD/USD toward the 0.5700 area ahead of upcoming U.S. payrolls.

A US dollar-led safe-haven rally dominated FX after renewed Middle East tensions, while eurozone rate repricing lent mixed support to the euro. Separately, the Indian rupee jumped sharply (about 1.8%) after the RBI moved to curb speculative offshore flows.