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

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

The gold extended losses on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. Policymakers sounded increasingly hawkish amid the strength of economy. Vance said the talks in Switzerland were continuing and Tehran had agreed to permit the IAEA inspect

The Canadian dollar remained weak on Tuesday on fresh trade tensions. Washington announced a plan to isolate Iran's economy by threatening to impose secondary sanctions on the countries that provide assistance. PM Carney said Canada would impose retaliatory tariffs on US steel, dairy, appliances, ag

American and European stock markets hit their highest prices ever because investors are buying into AI, but experts at the ECB warn that markets usually crash after booms like this. A crash can happen when overly excited and confident buyers flock in until prices appear to be well ahead of the curve

The British pound hovered around the highest level in more than 3 years on Thursday on new US Treasury plans to steady the bond market against soaring long-term borrowing costs. A jump in household energy bills pushed British inflation to a 4-month high in July as expected, and it will likely rise f

The Nikkei 225 fell on Monday as traders awaited policy speeches this week in the US and Japan. Treasury Secretary Bessent threatened "the single greatest financial offensive ever" against Iran. Japanese corporate earnings surged past expectations by the widest margin in 5 years, proving resilient a

Oil prices hit a nearly one-month high on Friday after Trump threatened to retaliate against countries supporting Iran as part of his efforts to end the war. The latest data shows that ship traffic through the Strait of Hormuz remained far below pre-war levels. Before the conflict, about 20% of the

The historic joint US-Japan action last month has failed to shift the forces weighing on the yen. The currency stays close to a major psychological level, even though the greenback is losing credibility. Japan's economy slowed in Q2 and missed forecasts on softer household and business spending, but