A global network and market expertise
We make cross-border trade straightforward for you.
We make cross-border trade straightforward for you.
The war in Iran, and the subsequent heightened geopolitical risk premium and acute volatility in commodity markets, make for a challenging backdrop for FX forecasting.
The standoff between the US and Iran shows little sign of abating, after President Trump dismissed Tehran's response to peace overtures over the weekend.
The war in Iran, and the subsequent heightened geopolitical risk premium and acute volatility in commodity markets, make for a challenging backdrop for FX forecasting.
Say it quietly, but the war in Iran appears to be edging slowly towards an eagerly awaited finale, much to the relief of market participants.
The fragile ceasefire in the Iran war is fraying as the US actively tries to break Iran's blockade while maintaining its own.
In light of the ongoing uncertainty surrounding the Iran war, now is not the time for the Fed to over commit, and we fully expect the FOMC to hold rates steady at its April meeting.
While the shaky Iran war ceasefire is holding, for now, the near-complete blockade of the Strait of Hormuz is still in force from both sides, and there is little sign that peace talks are making progress, or even taking place.
Trump's optimistic announcements on Friday regarding a possible agreement with Iran and the reopening of the Strait of Hormuz were greeted with a severe fall in oil prices and a sharp move higher in risk assets. The former proved to be short-lived.
The rally in risk assets on ceasefire optimism came to a halt over the weekend. The ceasefire talks between the US and Iran collapsed in Pakistan and the US announced that the Strait of Hormuz will be blockaded to ships going to or from Iranian ports.
Risk assets rallied sharply late-Tuesday into Asian trading on Wednesday amid the welcome news of a temporary US-Iran ceasefire.
The ongoing war in Iran, and the subsequent heightened geopolitical risk premium and acute volatility in commodity markets, make for a challenging backdrop for FX forecasting.
A feeling of deja vu is wafting over markets as the Iran war continues without a clear resolution in sight.
