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US dollar to remain stuck in range, dependent on the Strait of Hormuz: Reuters poll

US dollar to remain stuck in range, dependent on the Strait of Hormuz: Reuters poll

By Sarupya Ganguly BENGALURU, May 6 (Reuters) - Developments in the U.S.-Israel war with Iran will steer the dollar in the near term, said FX strategists in a Reuters poll, who held on to their outlook for the currency to stay range-bound before weakening later this year.
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Brazil's central bank warns of emerging inflation risks as Iran war drags on

Brazil's central bank warns of emerging inflation risks as Iran war drags on

BRASILIA, May 5 (Reuters) - The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already raising inflation expectations, it said on Tuesday.
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South Africa's Kganyago says central bank must keep rate options open amid inflation threat

South Africa's Kganyago says central bank must keep rate options open amid inflation threat

JOHANNESBURG, May 6 (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that policymakers needed to keep their options open on interest rates as geopolitical shocks clouded the outlook and inflation expectations remained above target.
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Morning Bid: Gulf singe, AI binge

Morning Bid: Gulf singe, AI binge

By Mike Dolan May 5 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships through the Strait of Hormuz met resistance from Iran, including an attack on a UAE oil port.
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Iran says it wants a 'comprehensive agreement' with US

Iran says it wants a 'comprehensive agreement' with US

May 6 (Reuters) - Iran will only accept "a fair and comprehensive agreement" in its negotiations with the U.S. on ending the war in the Middle East, its foreign minister said on Wednesday, as President Donald Trump cited "great progress" in the process.
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Stocks edge up in Asia, oil flat amid Middle East uncertainty

Stocks edge up in Asia, oil flat amid Middle East uncertainty

By Wayne Cole SYDNEY, May 4 (Reuters) - Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.
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Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank set to cool its heels after rapid-fire rate hikes

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.
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Yen steady as intervention fears linger with Japan shut for holidays

Yen steady as intervention fears linger with Japan shut for holidays

By Gregor Stuart Hunter SINGAPORE, May 4 (Reuters) - The yen stabilised at the start of trading in Asia, strengthening slightly after a few choppy sessions following suspected intervention by authorities to strengthen the currency last week. 
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Australia central bank hikes rates for third time this year in battle with inflation

Australia central bank hikes rates for third time this year in battle with inflation

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.
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Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.
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Yen suddenly jumps on talk of possible intervention

Yen suddenly jumps on talk of possible intervention

By Rae Wee SINGAPORE, May 4 (Reuters) - The yen jumped abruptly against the dollar on Monday, fuelling speculation of renewed Japanese buying to stem the currency's long-running slide.
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Wall Street retreats, oil prices jump on conflicting reports of a strike on US Navy vessel near Iran

Wall Street retreats, oil prices jump on conflicting reports of a strike on US Navy vessel near Iran

Wall Street crept toward losses and oil prices jumped on reports that Iran struck a U.S. Navy vessel outside of the Strait of Hormuz, which the U.S. military has since denied