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Rabobank Senior FX Strategist Jane Foley discusses EUR/GBP in light of shifting expectations for the European Central Bank (ECB) and Bank of England (BoE). She notes that EUR/GBP has traded with a downside bias recently but sees this fading as spring progresses. With UK growth concerns, political risks and limited BoE tightening, Foley expects EUR/GBP to grind higher towards 0.88 into the autumn.Rabobank sees downside bias fading”Since the start of this month, EUR/GBP has been trading in a fairly narrow range, albeit with a downside bias. However, heading further into the spring we see the downside bias as running out…

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Ken Griffin, chief executive officer of Citadel Advisors LLC, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Tuesday, April 14, 2026. Aaron Schwartz | Bloomberg | Getty ImagesCitadel CEO Ken Griffin said Tuesday that the global economy is headed toward a recession if the Strait of Hormuz stays shut for much longer. “Let’s assume [the strait is] shut down for the next six to 12 months — the world’s going to end up in a recession,” Griffin said on stage at the Semafor World Economy conference…

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OCBC strategists Sim Moh Siong and Christopher Wong note USD/KRW traded higher on heightened Middle East tensions and Oil gains, with Korean Won pressured as a higher-beta, net Oil importer currency. Bank of Korea (BoK) officials attribute recent KRW weakness mainly to external factors and portfolio rebalancing. The pair trades near 1488, with bearish daily momentum easing, and OCBC expects two-way moves within 1470–1500 as geopolitical developments remain fluid.External shocks drive Won and range”USDKRW traded higher amid heightened geopolitical tensions. No deal and a Trump blockade of the Strait of Hormuz added upward pressure to oil prices. Asian FX in…

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  Why Markets Fear Uncertainty   Financial Decisions Financial markets are driven by expectations about the future, not present conditions. When those expectations become unclear, volatility rises, risk appetite falls, and investors begin to reposition rapidly. The current escalation in the US–Iran conflict is a clear example of how geopolitical uncertainty can disrupt financial markets on a global scale. In this article, we examine: Why uncertainty drives market volatility How the conflict complicates Federal Reserve policy What could stabilize the outlook Why Markets React So Strongly to Uncertainty Markets can absorb negative developments but they struggle when outcomes are unpredictable.…

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NZD/USD rises after opening at a gap down, trading around 0.5830 during the Asian hours on Monday. The technical analysis of the daily chart signals a potential for a bullish bias as the pair remains within the emerging ascending channel pattern.The 14-day Relative Strength Index (RSI) hovers just above 51, hinting at mildly constructive momentum but not yet signaling a decisive directional break while price remains capped beneath the longer EMA.However, the NZD/USD pair is caught between a supportive nine-day Exponential Moving Average (EMA) and overhead pressure from the 50-day EMA, leaving the near-term tone broadly range-bound.The primary resistance lies…

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DBS Group Research expects Malaysia’s 1Q26 advance Gross Domestic Product (GDP) to grow 5.5% year-on-year, slightly below 6.3% in 4Q25 but still robust. Growth is seen supported by export-oriented electrical and electronics manufacturing, global AI tailwinds, construction and domestic demand. Headline inflation is projected to rise modestly to 1.7% in March, with oil-driven pressures cushioned by fiscal subsidies.AI tailwinds and mild price pressures”Malaysia’s incoming data are likely to reflect resilient economic growth and contained inflation in 1Q26, despite the Middle East shock since February 27.””We expect robust advance GDP growth estimate of 5.5% yoy in 1Q26, albeit lower than 6.3%…

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