Rupee ticks up, but elevated oil prices restrict gains.The Indian rupee edged higher in early trading on Monday, supported by mild dollar selling from foreign banks. However, traders indicated that the upward move may remain limited due to elevated crude oil prices and continued importer hedging demand.

Markets tense up again upon return from the weekend.It's going to be another messy week, innit? Hopes for peace talks did not last long as Iran refused any concessions with the US continuing to maintain its military presence in the region.

Global cooperation on stablecoins critically important, BIS says.The head of the Bank for International Settlements has made a renewed call for international cooperation on how stablecoins are used, describing it as vital to ​prevent severe market fragmentation.

Pound Sterling stays weaker near 1.3500 as safe-haven demand lifts US Dollar.Pound Sterling stays weaker near 1.3500 as safe-haven demand lifts US Dollar

Japanese Yen softens on US-Iran tensions, intervention fears grow.Japanese Yen softens on US-Iran tensions, intervention fears grow

Japan Tertiary Industry Index (MoM) down to -0.4% in February from previous 1.7%.Japan Tertiary Industry Index (MoM) down to -0.4% in February from previous 1.7%

Dollar rebounds as Mideast tensions flare again.The US dollar strengthened to a one-week high against major currencies on Monday, only to give up some of its gains as renewed tensions between the United States and Iran prompted investors to seek safe-haven assets. The move followed developments over the weekend.

EUR/JPY Price Forecast: Tests 187.00 resistance as bullish bias holds.EUR/JPY Price Forecast: Tests 187.00 resistance as bullish bias holds

Bank Indonesia to hold rates at 4.75% through 2026 as Iran war fuels inflation risks: Reuters poll.Bank Indonesia (BI) is set to keep its key policy rate unchanged on Wednesday, according to all 31 economists ​polled by Reuters, with many paring bets for cuts this year as an Iran war-fuelled energy ‌shock pushes up inflation and pressures the rupiah.

investingLive Asia-Pacific FX news wrap: Hormuz reclosure, oil up at the open..Oil prices surged at the open following Iran's re-imposition of a de facto closure of the Strait of Hormuz, reversing a brief reopening seen late last week. The move comes amid renewed escalation in the US–Iran conflict, though prices have since come off their highs as markets weigh the prospect of continued negotiations.

Rupee to open higher, Iran-US ceasefire uncertainty to cap upside.The Indian rupee is expected to open higher on Monday as traders weigh the durability of the Middle East ​ceasefire while questioning how much further the currency's recent rally ‌can extend.

US Dollar Index drifts higher above 98.00 on US-Iran tensions.US Dollar Index drifts higher above 98.00 on US-Iran tensions

India and South Korea target $50bn trade as both seek deeper economic ties.South Korean President Lee Jae Myung is set to meet Indian Prime Minister Narendra Modi in New Delhi, aiming to significantly deepen economic ties as both countries look to strengthen resilience against global supply chain disruptions.

China Holds LPR Steady for 11th Month, Signals Stability Amid Global Risks.The People's Bank of China left its benchmark lending rates unchanged for an 11th straight month in April, in line with expectations, as policymakers prioritize stability amid rising global uncertainty. The one-year loan prime rate was held at 3.0%, while the five-year LPR, a key reference for mortgage lending, stayed at 3.5%.

Carney says Canada must reduce US reliance as tariffs reshape trade outlook.Canada PM Carney said US ties are now a weakness as tariffs rise, signalling a push to diversify trade and investment amid growing economic uncertainty and tensions with Washington.

New Zealand Posts NZD 698M Trade Surplus as China, Australia Drive Export Growth.New Zealand's external sector showed resilience in March, with goods exports rising by 7.3% yoy to NZD 7.9B, outpacing imports which increased by 9.6% yoy to NZD 7.2B. The result was a monthly trade surplus of NZD 698M, larger than expectation of NZD 175M.

WTI climbs above $86.50 on renewed US–Iran Strait of Hormuz tensions.WTI climbs above $86.50 on renewed US–Iran Strait of Hormuz tensions

For the US, an Adverse Turn is in the Making.Headlines tied to the US economy continue to focus on President Trump's Middle East actions and the consequences for global energy prices. Abstracting from this news storm, however, the message from available economic data is the US economy slowed below trend ahead of the conflict, leaving the economy at risk of stalling, at least briefly.

China Set to Benefit from Global Energy Unrest.China's economy has begun 2026 in good health despite the conflict in the Middle East, registering annual GDP growth of 5.0% in Q1. In time, recent developments are likely to prove a net positive for China, spurring greater demand for green technology across developed and developing markets.

Pound Sterling remains on the back foot as US-Iran tensions lift USD; bears seem hesitant.Pound Sterling remains on the back foot as US-Iran tensions lift USD; bears seem hesitant

Japanese Yen edges lower on renewed US–Iran tensions.Japanese Yen edges lower on renewed US–Iran tensions

United Kingdom Rightmove House Price Index (YoY): -0.9% (April) vs previous -0.2%.United Kingdom Rightmove House Price Index (YoY): -0.9% (April) vs previous -0.2%

United Kingdom Rightmove House Price Index (MoM) unchanged at 0.8% in April.United Kingdom Rightmove House Price Index (MoM) unchanged at 0.8% in April

New Zealand Trade Balance NZD (YoY): $-3.1B (March) vs previous $-3B.New Zealand Trade Balance NZD (YoY): $-3.1B (March) vs previous $-3B

New Zealand Trade Balance NZD (MoM) up to $698M in March from previous $-257M.New Zealand Trade Balance NZD (MoM) up to $698M in March from previous $-257M

Dollar rebounds as Middle East tensions reignite, Hormuz closed.The dollar headed for its highest level in a week at the start of Asian trading on ​Monday as renewed tensions in the Middle East sent investors ‌scurrying for safe havens.

Oil jumps and stock futures slip as Iran tensions unsettle markets.Oil prices jumped, the U.S. dollar rose and stock futures fell on Monday as investors dealt with conflicting messages about the Iran war and news that the Strait of Hormuz was closed again.

Iran denies upcoming talks with the United States.Iran denies upcoming talks with the United States

Crude Oil Weekly Outlook: Hormuz News Is Noise, Price Action Leads.Headline-driven volatility continues to dominate short-term price swings, but key technical levels remain intact. The $76–74 zone has repeatedly held as support following declines from the $100 level, marking a significant level tied to the previous Middle East escalation in 2025 between the US, Iran, and Israel.

US President Trump confirms talks, threatens to destroy Iran.US President Trump confirms talks, threatens to destroy Iran