U.S. dollar dips as traders eye U.S.-Iran talks, central banks [BNN Bloomberg (Canada)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: BNN Bloomberg
The Japanese yen was pinned just beneath the crucial 160 level ahead of the Bank of Japan's policy decision later in the week. Sentiment got a lift overnight after Axios reported, citing sources, that Iran gave the U.S. a new proposal through Pakistani mediators on reopening the waterway and ending the war, with nuclear negotiations postponed for a later stage. Some analysts have argued that a potential nuclear deal remains the main sticking point, as any agreement that leaves Iran's nuclear program largely unchanged could be politically damaging for the U.S. President at home. “Given the experience about two weeks ago, when similar hopes (of reopening of the Strait of Hormuz) had already surfaced but were dashed again within 24 hours, market euphoria is likely to be much more muted this time,” said Thu Lan Nguyen, head of forex commodity research at Commerzbank. The Strait of Hormuz normally carries a fifth of global oil and gas shipments. The dollar benefited in March fro
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