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Iran Supreme Leader Khamenei: US will no longer have safe haven for Middle East bases
Iranian Supreme Leader Mojtaba Khamenei said during the European trading session on Tuesday that the United States (US) will no longer have safe haven for Middle East bases. Khamenei added that he invites all Islamic countries to cooperate.Fxstreet
Tue, May 26
Equities: Risk-on tone persists with yields reversing – Danske Bank
Danske Research Team notes that equities rose 1.1% in Europe in thin holiday trading, with cyclicals, small caps and growth outperforming. They attribute the risk-on tone partly to peace talks and Oil prices, but also to a reversal in long-end yields that began last week.Fxstreet
Tue, May 26
Australian Dollar loses ground against Japanese Yen on Middle East uncertainty
The AUD/JPY cross loses momentum to near 113.85 during the early European session on Tuesday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) as Australia’s labor market surprised to the downside, and markets remain concerned over the Middle East uncertainty.
Japan’s core CPI, excluding special factors, climbs 2.8% in April vs. 2.5% rise in March
The Bank of Japan (BoJ) said on Tuesday that Japan's core consumer inflation rate excluding one-off factors, as measured by the Japanese central bank's new gauge, reached 2.8% in April. This figure exceeded the BoJ’s 2% target and accelerated from 2.5% in March.
Fxstreet
Tue, May 26
WTI rebounds toward $91.00 as US forces conduct strikes in southern Iran
West Texas Intermediate (WTI) oil price gains ground after four days of losses, trading around $90.60 per barrel during the Asian hours on Tuesday. Crude oil prices advance on renewed supply concerns after the United States (US) forces conducted self-defense strikes in southern Iran on Monday.
Fxstreet
Tue, May 26
New Zealand Dollar declines due to increasing risk aversion
NZD/USD depreciates after registering modest gains in the previous day, trading around 0.5860 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) advances on rising safe-haven demand amid uncertainty surrounding the US-Iran peace agreement.
Fxstreet
Tue, May 26
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