The post AUD/NZD Faces Corrective Phase, MUFG Analysts Warn appeared on BitcoinEthereumNews.com.
The Australian Dollar is currently undergoing a corrective phase against the New Zealand Dollar, according to analysts at MUFG Bank. The assessment, based on recent currency market movements, suggests a shift in the short-term trend for the AUD/NZD pair, a key cross rate in the Asia-Pacific forex landscape. MUFG’s Technical and Fundamental View MUFG’s analysis points to a combination of technical factors and shifting economic fundamentals driving the corrective move. The Australian Dollar had previously strengthened against its Kiwi counterpart, but recent price action indicates a loss of momentum. The analysts note that the corrective phase does not necessarily signal a long-term reversal, but rather a period of consolidation or pullback within the broader trend. Key factors influencing the pair include diverging monetary policy expectations between the Reserve Bank of Australia (RBA) and
The post New Zealand Dollar loses traction as US–Iran tensions overshadow hawkish RBNZ policy outlook appeared on BitcoinEthereumNews.com.
The NZD/USD pair attracts some sellers to around 0.5885 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) as a fresh exchange of airstrikes between the United States (US) and Iran dented hopes for a peace deal. The US military launched new strikes overnight in Iran targeting a military site and shooting down four Iranian one-way attack drones that posed a threat around the Strait of Hormuz, Reuters reported on Wednesday. Deputy Secretary of Iran’s Supreme National Security Council, Ali Bagheri Kani, said that Iran is seeking the release of all of the country’s funds by the US and this is the legal right of Iran, adding that the assets belong to Iranians and must be returned “fully and unconditionally.” The Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (
The post Brent: Crude breaks lower on US-Iran optimism – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Lloyd Chan reports that Brent has fallen below earlier May lows, with prices dropping to around $94 per barrel. He attributes the move to growing optimism over a potential US‑Iran deal, though he stresses that uncertainty over an imminent breakthrough remains. Reports of Trump’s dissatisfaction with negotiations and subdued Strait of Hormuz tanker traffic underscore lingering supply‑risk concerns. Oil pressured by US-Iran deal hopes “In energy markets, Brent crude has broken lower to $94.29/bbl, falling below the 7 May low of $96.03/bbl.” “This move likely reflects growing optimism around a potential US-Iran deal.” “However, there remains uncertainty of an imminent breakthrough.” “Reports suggest that Trump was “not satisfied” with the progress of negotiations with Iran, while tanker traffic through the Strait of Hormuz is still quite subdued.” (This article was created with the he
The post New Zealand Dollar: Seen above 0.60 against US Dollar in 2H26 – ING appeared on BitcoinEthereumNews.com.
ING’s FX Strategist Francesco Pesole expects the Reserve Bank of New Zealand to deliver a hawkish hold at the 27 May meeting, while warning markets underprice the risk of a surprise hike. He sees new projections signalling tightening from 3Q and looks for two 25bp hikes starting in July. NZD performance is still seen as largely driven by global factors. Kiwi outlook tied to RBNZ path “In our view, there are enough arguments to hike at this 27 May meeting (an underpriced risk), but the Reserve Bank of New Zealand has erred on the dovish side and looks more likely to opt for a hawkish hold. New projections may show tightening already in 3Q, and we expect the first of two hikes in July. NZD moves should stay mostly externally driven though.” “In any case, a hike in July is looking increasingly likely in our view, and should not be a one-and-done. Our current forecast is for 50
The post AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA appeared on BitcoinEthereumNews.com.
The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY). The United States (US) and Iran signaled progress in efforts to resolve the conflict, but key details of a framework agreement are still under negotiation, and a US official said it could take a few more days to finalize. However, US President Donald Trump stated that a deal is close, but the US blockade on Iranian ships in the Strait of Hormuz would “remain in full force” until an agreement was signed. On the other hand, markets slash the chance of more interest rate hikes from the Reserve Bank of Australia (RBA) after a surprise rise in the jobless rate. This, in turn, might cap the upside for the Aussie. Unemployment Rate i
The post Indian Rupee: Policy Support Under Pressure, MUFG Analysts Weigh In appeared on BitcoinEthereumNews.com.
Indian Rupee: Policy Support Under Pressure, MUFG Analysts Weigh In Skip to content
Home Forex News Indian Rupee: Policy Support Under Pressure, MUFG Analysts Weigh In
Source: https://bitcoinworld.co.in/indian-rupee-policy-support-pressure-mufg/
The post Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG appeared on BitcoinEthereumNews.com.
Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG Skip to content
Home Forex News Japanese Yen Faces Further Downside Risk Against US Dollar, Warns MUFG
Source: https://bitcoinworld.co.in/japanese-yen-further-weakness-risk-mufg/
The post Indian Rupee: Policy support amid pressure – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Michael Wan highlights that India has unveiled several austerity-linked policy steps as Strait of Hormuz tensions pressure capital flows and the balance of payments. Authorities sharply raised import duties on Gold and Silver and capped duty-free Gold imports to support the Indian Rupee (INR), while also considering lower withholding taxes on bonds. MUFG remains cautious on INR versus G10 and Asian currencies. India policy shifts and Rupee outlook “India produced a cluster of significant policy moves this week, all tied to the government’s austerity push amid the Strait of Hormuz driven pressure on capital flows and balance of payments.” “The Finance Ministry raised import duties on gold and silver to 15% from 6%, effective 13 May, and on Thursday capped duty-free gold imports under the Advance Authorisation scheme at 100 kg per approval — measures aimed at curbing non-essential impor
The post Australian Dollar softens to near 0.7200 as Trump and Xi set for second day of talks appeared on BitcoinEthereumNews.com.
The AUD/USD pair attracts some sellers to near 0.7205 during the early Asian trading hours on Friday. Markets remain cautious ahead of the second day meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing on Friday. Trump said on Friday that China’s leader Xi likely has power to sway Iran, adding that he’s not going to be much more patient on Iran, per Reuters. Earlier Thursday, Trump stated that China’s leader Xi Jinping had offered to help negotiate an end to the war with Iran and keep the Strait of Hormuz open to global shipping. However, US President said he hoped the relationship between the US and China would be “stronger and better than ever before.” The focus is on Taiwan, as Xi warned the US President that mishandling China’s claims on Taiwan could cause “clashes and even conflicts” as the disputed island has been a
