US Edition
Dollar Steady as Traders Eye US-Iran Talks, Central Banks
Traders weighed revived U.S.-Iran diplomacy and expected Federal Reserve and Bank of Japan decisions as Brent crude rose 2.6%, Reuters said.
- The dollar remained steady on Monday as investors weighed wavering hopes for a Middle East peace deal, with efforts to reopen the Strait of Hormuz stuttering ahead of central bank meetings later this week.
- After Axios reported that Iran provided a new proposal via Pakistani mediators to end the war, sentiment received a temporary lift, though similar optimism faded within 24 hours two weeks ago.
- Brent crude futures rose 2.6 per cent to $108 a barrel, while the Japanese yen traded at 159.26 per dollar, hovering near the crucial 160 level that could trigger intervention by Tokyo.
- The Federal Reserve and the BOJ are expected to keep interest rates steady later this week, though analysts warn that hawkish signals from BOJ Governor Kazuo Ueda could weaken the Japanese currency.
- Allianz Global Investors CIO Gregor Hirt noted that rate-hike cycles hinge on geopolitical stabilization, as Commerzbank's Thu Lan Nguyen added, "There is another aspect of the negotiations that matters: Iran is pressing for economic sanctions to be lifted.
15 Articles
15 Articles
FOREX-Dollar dips as traders eye US-Iran talks, central banks
Some analysts have argued that a potential nuclear deal remains the main sticking point, as any agreement that leaves Iran's nuclear programme largely unchanged could be politically damaging for the U.S. President at home. "Given the experience about two weeks ago, when similar hopes (of reopening of the Strait of Hormuz) had already surfaced but were dashed again within 24 hours, market euphoria is likely to be much more muted this time," sai…
Times of India
The Economic TimesGlobal Markets | European shares steady as investors eye US-Iran talks, central banks
As investors steadied themselves for pivotal central bank meetings, European markets experienced minimal fluctuations. Oil prices rose, reflecting the stagnation in U.S.-Iran diplomatic progress. A downturn in technology and consumer staples stocks pulled the pan-European index downwards. On the upside, Germanys DAX and Spains IBEX 35 enjoyed slight gains.
Dollar steady as traders eye US-Iran talks, central banks
(Replace 'next week' with 'this week' in paragraph 14)By Stefano Rebaudo and Ankur BanerjeeApril 27 : The U.S. dollar was steady on Monday as wavering hopes of a deal to end the Middle East war left investors on edge ahead of a slate of central bank meetings later this week.The Japanese yen wa
The Hindu Business Line
Dollar steady as traders assess stuttering US-Iran talks
Although a ceasefire has paused full-scale fighting in the conflict, which began with US-Israeli strikes on Iran on February 28, no agreement has been reached on terms to end the war, keeping investors nervous
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