The Japanese yen climbed to fresh 7-month highs on Tuesday despite that the Asian country's foreign reserves have fallen at their fastest pace since ministry records started in 2000. Interventions never gave the yen lasting support. However, short-sellers are now completely rethinking their long-ter

The ECB is expected to raise its key interest rate again Thursday, but most economists reckon the room for further rises is limited. Governing Council members have lately signalled a complex mix of urgency and caution. They noted that economy is proving more resilient than anticipated. Recent GDP da

The Chinese yuan was muted on Wednesday with oil prices pushing towards three digits. Kremlin said Russian President Putin, US ‌President Trump and Chinese President Xi may hold a trilateral meeting at the next APEC summit in November. In Yemen, the Houthis launched attacks on several Saudi Arabian

Gold prices nudged lower on Monday as Trump runs out of cars on Iran. Iran's Supreme National Security Council said Tehran plans to announce an "exclusion zone" outside the Strait of Hormuz. In a statement issued Sunday, OPEC+ confirmed its oil output policy will remain unchanged for October, noting

A surging dollar is heading toward its sharpest monthly gain in almost a year on Thursday, sending the Aussie lower to a more than 2-month low, as traders bet on a strong US economy propping up short-term interest rates. US military escorts of commercial ships have ended Iran's ability to close the

The Australian dollar rose ‌on Thursday though the latest PCE price index lightly lifted expectations of a Fed rate hike, ahead of the Jackson Hole central bankers' symposium due to begin later in the day. Iran and Oman have already reached an agreement on their respective shares of the vital econom

Oil prices fell on Friday and are on track to snap a two-week winning streak, following a report that Trump is no longer interested in the June deal framework. According to an Iranian official, Iran has opened a 'temporary and limited' shipping corridor through the Strait of Hormuz, noting that the

Speculators are increasingly betting the RBA will raise interest rates again in November as inflation remains above the 2% target. Governor Bullock repeatedly stressed that inflation risks remain skewed to the upside. "While positions wagering on a September hike have been cut back, bets on a Novemb

The Mexican peso drifted early Wednesday during Asian market hours. Iran and Oman discussed a proposal to establish a temporary joint shipping route through the Strait of Hormuz. Mexican President expressed optimism she can reach a trade deal with Trump as her chief negotiator leads talks in Washing

Treasury yields are hovering around their highest level in more than a decade. Treasury last week doubled its buyback of long-end securities to more than $4 billion per operation from $2 billion. The department could use its near $1 trillion General Account to help fund its recently announced plans