Today's Currencies Pulse
Updated 2h ago
Petroyuan gains traction as Iran war revives yuan oil payments
The Iran‑Israel conflict has sparked renewed interest in a Chinese petroyuan after Tehran began accepting yuan for oil shipments through the Strait of Hormuz. A Chinese‑affiliated scholar reported a surge in yuan‑denominated crude, and the Cross‑Border Interbank Payment System logged a single‑day peak of 1.22 trillion yuan ($179 billion). Yuan‑related trade with the Middle East rose 53%.
AUD/USD Jumps to 0.709 as US‑Iran Talks Spark Aussie Rally
The AUD/USD pair surged to 0.7089, rebounding from a 0.6990 low, after President Donald Trump signaled renewed US‑Iran negotiations. The rally lifted the commodity‑linked Australian dollar and pressured the US Dollar Index, highlighting how geopolitics can swing forex markets.
FT Unveils China's “Sock 2.0
My work on this earth may be nearly over -- or at least my work of the last 4ys could be in its final chapter. The FT's Big Read is on the China sock 2.0 (one of my favorite phrases) and...
Media Misstates Rial, Actually Up 8% Since War
Since Trump's blockade of the Strait of Hormuz, frequent media reports indicate that the value of the rial has plunged. WRONG. Today, the rial fell just 0.3% vs the USD. Since the US-Israeli war on Iran, the rial has gained 8%...
EUR/USD Steadies at 1.1685 as ECB Hints at a Fourth Rate Hike
EUR/USD lingered at 1.1685 on Monday after the European Central Bank hinted it may raise rates for a fourth time this year. The level reflects a tug‑of‑war between a weakening dollar outlook and the ECB’s tighter‑policy stance, while analysts split...
North Korean Won Plummets 62%, World's 2nd Worst Currency
On this week's Hanke's #CurrencyWatchlist, the North Korean won ranks as the WORLD'S 2ND WORST CURRENCY. The won has depreciated by 62% against the USD over the past year. THE COLLAPSE OF THE WON = THE WORLD'S MOST UNDERREPORTED CURRENCY STORY. https://t.co/dxHRFaYUhS
Stocks Rally on Ceasefire Hopes; Commodities Stay Cautious
Stock markets and the US dollar are painting a rosy picture, with traders seemingly seeing a ceasefire heralding the end of the US-Iran war. Bonds, gold, and oil prices are telling a different story. #IranWar #StockMarket #gold #oil #macro #trading https://t.co/wLRi4EJNxA
Xi’s Petroyuan Dream Gets New Life From Trump’s War in Iran
The Iran‑Israel war has revived interest in a Chinese "petroyuan" as Tehran began accepting yuan for oil shipments through the Strait of Hormuz. A Chinese‑affiliated scholar noted a surge in yuan‑denominated crude, and the Cross‑Border Interbank Payment System (CIPS)...
Oil Breaches $100 a Barrel, Sending Latin American Currencies Tumbling
Crude oil surged past $100 a barrel after U.S.–Iran talks collapsed, lifting prices about 6% and prompting a sharp sell‑off in Brazil’s real and Mexico’s peso. Colombia’s peso held steadier, and Peru’s sol edged higher, underscoring how oil spikes create...
USD/CAD Stalls Near 1.3840 as Oil Spikes and Fed Hawkishness Offset Each Other
USD/CAD traded around 1.3840 on Monday, caught between a near‑7% jump in WTI crude that supports the Canadian dollar and persistent expectations of a more hawkish Federal Reserve that buoy the U.S. dollar. The tug‑of‑war left the pair essentially flat...
Venezuela's Bolivar Plummets 84%, Calls for Dollarization
On this week's Hanke's #CurrencyWatchlist, the Venezuelan bolivar ranks as the WORLD'S WORST currency. The bolivar has depreciated by 84% against the USD over the past year. VENEZUELA’S TOP PRIORITY = OFFICIAL DOLLARIZATION. https://t.co/gLHWv0eqUW
Euro Continues to Climb as the Market Senses an End to the Iran War
The euro has recovered to its pre‑conflict level as traders price an end to the Iran‑Israel war and the reopening of oil shipments through the Strait of Hormuz. Europe’s heavy reliance on Hormuz‑bound crude makes the currency especially sensitive to...
Iran's
@ResourceTalks I mention what most people miss: that I am the only reliable source of inflation measurements in Iran. "Since the war started, the Iranian rial has appreciated about 9-11% against the dollar, and inflation is down from over 80%/yr to...
Weekly Technical Outlook: USD, Major Pairs, and Gold
US Dollar, EUR/USD, GBP/USD, USD/CAD, Gold Weekly Technical Outlook (Webinar Archive) https://t.co/8ZwYFGI6Sm Asset Chaptered on YouTube: https://t.co/BpRaX96dnw
HSBC to Roll Out HKD Stablecoin This Year Empowered by Issuer License
HSBC announced plans to launch a Hong Kong dollar‑backed stablecoin in the second half of 2026, leveraging a new crypto‑issuing licence from the Hong Kong Monetary Authority. The licence permits the bank’s subsidiary to create and manage digital tokens that...
US Deficit Not Caused by Dollar, Says Obstfeld
Don't blame America's current account deficit on the dollar Hugely important NEW essay by Maury Obstfeld @PIIE ahead of this week's G7/G20 global imbalances focus. https://t.co/sWxu77W2qk
