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USD/CAD remains subdued for the fifth consecutive day, trading around 1.3700 during the Asian hours on Friday. The pair inches lower as the commodity-linked Canadian Dollar (CAD) edges higher amid a slight increase in oil prices, given Canada’s status as the largest crude exporter to the United States (US).West Texas Intermediate (WTI) Oil price holds gains near $90.00 per barrel at the time of writing. Crude oil prices receive support from supply concerns, which could be attributed to the market caution surrounding the United States (US)-Iran ceasefire talks.CNN reported on Friday that the Lebanese army said that it recorded multiple…
Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates.Bessent added, though, that he understands if central bank policymakers take a cautious approach until impacts from the Iran war become clearer.”I am highly confident that the core inflation … which is quite under control and actually dropping in many categories, will continue to go down,” he told reporters at the Semafor World Economy Conference in Washington, D.C. “I believe rates should be cut,” he added, “but that if they want to wait for some clarity, I…
Danske Research Team notes that Oil prices held around USD 95 per barrel as markets focused on prospects for a ceasefire between the US and Iran and a potential reopening of the Strait of Hormuz. The bank highlights that expectations for normalisation of supply are supporting a stable Oil price rather than driving fresh gains.Prices stable on supply normalisation hopes”Oil kept steady yesterday at around USD 95/bbl as markets continued its optimism that the resumption of talks between the US and Iran will lead to an eventual reopening of the strait and normalisation of the supply situation.””That is despite enforcing…
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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…
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…
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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