The commodity linked currencies such as the Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher with markets in Japan, Taiwan and South Korea surging, as traders remained cautious and shrugged off the uncertainty prevailing around the second round of peace talks between the U.S. and Iran. Traders also indulged in some bargain hunting after the recent war-related slump in the markets.
After abruptly cancelling the planned envoy trip to Pakistan for peace talks, U.S. President Donald Trump indicated that the Iran war will end soon, and the U.S. will be victorious.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.