Economies

The central bank of Australia delivered a back-to-back increase as the spike in energy prices can push inflation higher, but the Aussie was volatile as four of nine voters opted for a hold.

USOIL remains firm as the Middle East conflict continues to disrupt the flow of oil, but a push to secure transit and the release of stockpiles could offer relief.

Ahead of next week's Fed and BoJ decisions, the pair rises to nearly two-year highs as the greenback attracts risk-off demand while the yen fails to benefit.

USOIL rebounds from pullback as a sizeable release of stockpiles fails to ease supply disruption fears, with the US-Iran conflict continuing.

Seven major central banks announce their rate decisions within days of each other, as stagflation risks stemming from the US-Iran conflict complicate their monetary policy paths.

USOIL jumps to the highest in nearly four years as the military campaign enters its second week, with oil facilities hit and the Straits of Hormuz remaining effectively shut.

XAG/USD heads for a weekly decline as the dollar outshines it as a safe haven and economic risks weigh, but structural demand drivers can lead to new all-time highs.

Strong Australian growth boosts chances of another RBA rate hike but the pair remains under pressure on safe-haven demand for the US dollar.

The US-Iran conflict has sparked a flight to safety, boosting gold and compounding structural demand from broader de-dollarisation and debasement trends

The pair rises as fiscal worries and growth risks from higher oil prices prevent the Yen from benefiting from risk aversion, while the greenback finds demand.

XAU/USD firms as US President Trump doubles down on tariffs and keeps pressure on Iran, sustaining safe haven demand.