Investor sentiment in Asia's FX markets remains subdued due to concerns over Iran, while the Aussie strengthens ahead of the RBA's policy meeting.
Bank of America forecasts that geopolitical tensions will strengthen the U.S. dollar as the FOMC meeting approaches, driving investors toward safe havens.
The Indian rupee has fallen to a record low due to the oil supply shock from the Iran war, raising concerns about inflation and economic stability.
Volatility in Asian FX markets arises from Fed caution and Iran tensions, while the Australian dollar gains ahead of the RBA meeting amid global uncertainties.
Bank of America's survey highlights a rebound in USD positioning as investors turn risk-averse, indicating the dollar's safe-haven appeal is on the rise.
The Indian rupee dropped to an all-time low today as geopolitical tensions from the Iran conflict weigh on market stability and Asian currencies face pressure.
The dollar is likely to secure its second weekly gain as ongoing tensions in Iran prompt investors to seek refuge, influencing market dynamics and oil prices.