Brent: Hormuz reopening pressures prices lower – Commerzbank.Brent: Hormuz reopening pressures prices lower – Commerzbank

Oman reaffirms that future arrangements for Strait of Hormuz do not involve tolls.For now, markets are taking in the calm and it will need some time in gauging the supposed reopening of the Strait of Hormuz. As things stand, the situation remains that the waterway is tightly controlled by Iran, as reported earlier here.

Brent Oil Falls to Pre-War Levels as Supply Normalization Provides Relief.Brent oil price hit pre-war levels (last traded on February 27) in early Thursday's trading, as re-opening of Hormuz strait (20 million barrels passed through only yesterday) provides strong relief and continues to deflate oil prices.

Crude Oil –25.06.2026.Crude Oil managed to erase all war-time gains to closing towards the 68.00 zone. As we see over the chart, the market could find support around 67.00-68.00, which could cause a rebound that could lead towards the 79.20 resistance.

USD/JPY –25.06.2026.USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. Traders should take Precautionary measures as the Bank Of Japan could intervene any time in the market.

Australian Dollar languishes around 0.6900 with US inflation data in the spotlight.Australian Dollar languishes around 0.6900 with US inflation data in the spotlight

Rupee ends a tad higher as oil slide, foreign inflows lift sentiment.The Indian rupee experienced a slight boost this week, driven by declining oil prices and the prospect of increased foreign investment. Although initial gains were curtailed due to importer demand, the currency received support as short-seller positions diminished.

USD/JPY ambitions for fresh all-time high near 162.00 amid firm US Dollar.USD/JPY ambitions for fresh all-time high near 162.00 amid firm US Dollar

Euro: Energy prices and Yen flows influence outlook – ABN AMRO.Euro: Energy prices and Yen flows influence outlook – ABN AMRO

Mexican Peso: Banxico stance and Fed risks drive MXN – Societe Generale.Mexican Peso: Banxico stance and Fed risks drive MXN – Societe Generale

South Africa Producer Price Index (MoM) dipped from previous 3% to 2.6% in May.South Africa Producer Price Index (MoM) dipped from previous 3% to 2.6% in May

South Africa Producer Price Index (YoY) rose from previous 4.8% to 7.8% in May.South Africa Producer Price Index (YoY) rose from previous 4.8% to 7.8% in May

Polish Zloty: NBP dovishness keeps Zloty pressured against Euro – ING.Polish Zloty: NBP dovishness keeps Zloty pressured against Euro – ING

US Dollar: Volatility shifts with changing Fed communication – Commerzbank.US Dollar: Volatility shifts with changing Fed communication – Commerzbank

Japanese Yen: Seen weaker against US Dollar – UOB.Japanese Yen: Seen weaker against US Dollar – UOB

WTI falls to near $69.00 amid rising oil supply odds from Middle East.WTI falls to near $69.00 amid rising oil supply odds from Middle East

Oil: Bearish setup as supplies normalise – Danske Bank.Oil: Bearish setup as supplies normalise – Danske Bank

Middle East Ceasefire Is Holding But the Dollar Is Strengthening. What's Going On?.It seems counterintuitive, doesn't it? The Strait of Hormuz has reopened and oil prices have dropped about 20% from their 2026 highs, yet the US dollar is still moving up.

Schnabel: ECB Will Need More Rate Hikes Despite Middle East Ceasefire.European Central Bank Executive Board member Isabel Schnabel reinforced the ECB's hawkish stance on Thursday, arguing that the recent ceasefire in the Middle East does not diminish the need for further policy tightening. “The ceasefire is no reason for monetary policymakers to let their guard down,” she said in an Interview with Die Zeit, warning that while oil prices have retreated from their recent peaks, medium-term energy prices remain elevated and uncertainty is still high.

GBP/JPY Price Forecasts: Pound bounces up to 213.40 with intervention risks increasing.GBP/JPY Price Forecasts: Pound bounces up to 213.40 with intervention risks increasing

Japanese Yen: PCE shocks drive intraday moves against US Dollar – MUFG.Japanese Yen: PCE shocks drive intraday moves against US Dollar – MUFG

US Dollar Strengthens Amid Equity Market Weakness and Hawkish Fed Rhetoric.The US dollar continues to hold firm near multi-year highs as sentiment across equity markets deteriorates and investors increasingly expect the Federal Reserve to maintain a restrictive monetary policy stance for longer. The US economy remains resilient, while inflation risks continue to run elevated, prompting market participants to reassess the timing of potential interest rate cuts.

Gold, USD/JPY Forecast: Two trades to watch.Gold is falling for a third straight day, trading below the key 4,000 psychological level and hovering around a seven-month low as traders await U.S. inflation data, which could dictate the Federal Reserve's next policy move.

Forex markets stay cautious ahead of US inflation, GDP and jobs data.The US Dollar Index edged lower on Thursday after rising for three straight sessions and touching its highest level in 13 months, as investors turned their attention to a heavy slate of US economic data and ongoing geopolitical tensions. The US Dollar Index, which climbed to 101.80 on Wednesday, corrected lower in early Thursday trading but remained supported above 101.50.

US Secretary of State Rubio: Hormuz doesn't belong to any nation state.US Secretary of State Rubio: Hormuz doesn't belong to any nation state

Italy Industrial Sales n.s.a. (YoY) down to 3.2% in April from previous 4.4%.Italy Industrial Sales n.s.a. (YoY) down to 3.2% in April from previous 4.4%

First Light News: Micron Reignites the AI Trade as Markets Eye US PCE.Micron (MU) has single-handedly helped underpin sentiment.

Thai Baht: BoT caution keeps policy on hold – Commerzbank.Thai Baht: BoT caution keeps policy on hold – Commerzbank

Indian Rupee: Gains constrained against US Dollar – Societe Generale.Indian Rupee: Gains constrained against US Dollar – Societe Generale

Bears loosen grip on rupiah, rupee on lower oil prices, policy support: Reuters poll.Short bets on the Indonesian rupiah and the Indian rupee retreated from multi-month peaks, ​a Reuters poll showed on Thursday, as normalising oil prices and central bank measures to attract foreign capital eased ‌some pressure off the currencies.