EBC Global

The Mexican peso hovered around its 6-momth high on Wednesday. Scepticism over Trump's announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven ‌currency. Mexico's economy is forecast to log a third consecutive year of growth under 2%, a Reuters poll found, h

The Canadian dollar moved sideways on Tuesday, without clues on a US-Iran deal to reopen Gulf shipping. Tehran has yet to decide how to proceed with the diplomatic process. Trump on Monday again threatened Iran with overwhelming military force, saying "lots of bombs [will] start going off" 

Wall Street indexes scaled record highs on Friday, after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon and Trump said he expected to reach a deal to end the war soon. However, Iran has closed the waterway again to commercial vessels and that any ship that approach

The yen was headed for a third consecutive daily decline on Friday in tentative trade, after Trump said that Israel and Lebanon had agreed to a 10-day ceasefire – a sign of progress in a peace deal with Iran. Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, in

China's A50 jumped to the highest level in more than 3 months on Thursday. Trump reaffirmed that the war was "very close to over" with authorities in Tehran eager to agree a peace deal. The market became the latest in Asia to recoup losses driven by the Iran war, fuelling optimism that inv

The Russian economy will grow by 0.8% ‌this year, down from a forecast of 1% a month ago, according to ⁠a Reuters poll, echoing an earlier government announcement that the official forecast could be downgraded. The turmoil in the Middle East not only alleviates some fiscal pressures but also serves

The euro hovered near its highest since early March on Wednesday, amid growing optimism after a WSJ report that a second round of US-Iran negotiations are being considered. Eurozone growth is now seen slowing to 1.1% this year from 1.4% in 2025, as the war more than negates better-than-predicted exp

The Turkish Lira languished around its record low on Tuesday, after the US began blocking ships from entering or exiting Iranian ports in the Strait of Hormuz, attempting to bring Iran back to the table. Credit rating agency Fitch revised Turkey's outlook to "stable" from "positive", citing a sharp

Germany's benchmark stock index steadied in previous trading session. Trump on Sunday said the US will blockade the Strait of Hormuz after talks held in Pakistan to end the Iran war hit the skids. German industrial production fell unexpectedly in February, signalling the ‌disappointing first quarter

Asian stocks tracked Wall Street higher on Friday, with China's A50 hovering around 15,000. Saudi Arabia's critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 bpd. Foreign investors pulled $70.3 billion from emerging market assets, especially Asian stoc

The US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. That came after Trump's threat to wipe out the Persian civilisation. The countries will hold negotiations in Islamabad, the capital of Pakistan, beginning in the coming d

Oil prices steadied on Thursday as Trump has announced 50% tariffs on countries supplying Iran with weapons. Vice President JD Vance has confirmed the Iran ceasefire is fragile. Three parts of Iran's 10-point ceasefire proposal have been violated, Iran's parliamentary speaker said, as Israel's milit

The dollar sank to its lowest level in a month while the pound shot up on Wednesday after Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks. Iran's 10-point proposal includes withdrawing US combat forces from all regional bases, lifting all sanctions, releasing