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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
Read full articleIncreased tensions may hinder short-term stability in the Strait of Hormuz, impacting global markets and geopolitical dynamics. The post US rejects Iran’s 14-point proposal amid Strait of Hormuz tensions appeared first on Crypto Briefing.
The post Brent: Supply risk keeps prices elevated – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank’s macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight. While Brent was little changed in the previous session, late gains contributed to a more hawkish repricing of Federal Reserve expectations. Geopolitics and Fed repricing drive Oil “As we go to press this morning, markets have lost momentum after President Trump said the US doesn’t need the Strait of Hormuz open “at all”. So that’s added to fears that the Strait will remain blocked for some time, leading to a more protracted energy shock for the global economy.” “Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl.” “In the meantime, oil prices were little changed yesterday, with Brent crude (+0.09%) clos
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 Outlook: Policy Measures Drive Currency Trajectory, Says DBS appeared on BitcoinEthereumNews.com. Indian Rupee Outlook: Policy Measures Drive Currency Trajectory, Says DBS Skip to content Home Forex News Indian Rupee Outlook: Policy Measures Drive Currency Trajectory, Says DBS Source: https://bitcoinworld.co.in/indian-rupee-policy-outlook-dbs/
The post Turkey Budget Balance fell from previous -229.9B to -338.7B in April appeared on BitcoinEthereumNews.com. Gold is extending this week’s pullback toward $4,550, declining for the fourth straight day on Friday amid a sustained US Dollar buying interest. In fact, the USD Index (DXY) hit its highest level since April 8 amid increased hawkish Fed bets-led higher US Treasury yields. Stalled US-Iran peace talks, amid major disagreements over Tehran’s nuclear program and the Strait of Hormuz, keep geopolitical risks in play. Source: https://www.fxstreet.com/news/turkey-budget-balance-fell-from-previous-2299b-to-3387b-in-april-202605150801
A prolonged closure of the Strait of Hormuz could exacerbate global inflation, strain import-dependent economies, and heighten market volatility. The post EIA forecasts crude oil prices could rise $20/bbl if Strait of Hormuz remains closed through June appeared first on Crypto Briefing.
The post USTR’s Greer: Keeping The Strait Of Hormuz Open Is Crucial For China’s Economy And Global Trade appeared on BitcoinEthereumNews.com. USTR’s Greer: Keeping The Strait Of Hormuz Open Is Crucial For China’s Economy And Global Trade Skip to content Home Forex News USTR’s Greer: Keeping the Strait of Hormuz Open Is Crucial for China’s Economy and Global Trade Source: https://bitcoinworld.co.in/ustr-greer-strait-of-hormuz-china/
The post US President Donald Trump: Xi Jinping likely has power to sway Iran appeared on BitcoinEthereumNews.com. US President Donald Trump said on Thursday that China’s leader Xi Jinping likely has power to sway Iran, adding that he’s not going to be much more patient on the Iran, Reuters reported on Friday. 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. Key quotes China wants to buy oil from US. Going to start sending Chinese ships to Texas, Louisiana, and Alaska. Iran leaders we are dealing with are reasonable. Not going to be much more patient on the Iran. China will open country in stages. Raised visa company with China in talks. Xi probably has ability to influence Iran. Iran’s enriched uranium can be entombed but I’d rather get it. Getting Iran’s enriched uranium is more for public relations than anything else. US-China Trade War FAQs Generally spea
