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: 2025.05.12
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India and Pakistan both claim victory as ceasefire seems to hold
World FX news
Breaking news
India and Pakistan both claim victory as ceasefire seems to hold
New
2025.05.12 09:31
2025.05.12 09:31
2025.05.12 09:31
India and Pakistan have both claimed victory after a ceasefire was declared over the weekend, which brought the two nuclear nations back from the brink of war.
India's Director General of Military Operations (DGMO) spoke on Sunday as a fragile 24-hour ceasefire appeared to be holding, after both sides accused each other of early breaches on Saturday night.
The cease-fire announced on Saturday ended three days of missile and drone attacks on each country's shared border, killing over 70 people.
Market reaction
At the time of writing, the Gold price (XAU/USD) is trading 1.27% lower on the day to trade at $3,280.
Risk sentiment FAQs
In the world of financial jargon the two widely used terms "risk-on" and "risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a "risk-on" market, investors are optimistic about the future and more willing to buy risky assets. In a "risk-off" market investors start to 'play it safe' because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.
Typically, during periods of "risk-on", stock markets will rise, most commodities - except Gold - will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a "risk-off" market, Bonds go up - especially major government Bonds - Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.
The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are "risk-on". This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.
The major currencies that tend to rise during periods of "risk-off" are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world's reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them - even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.
Last updated
: 2025.05.12
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FXStreet is a forex information website, delivering market analysis and news articles 24/7.
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USD/JPY rallies above 148.00 as USD soars on US-China trade truce
The USD/JPY pair soars above 148.20 during European trading hours on Monday, the highest level seen in a month. The asset strengthens as the United States (US) and China have agreed to a 90-day truce after a two-day meeting in Switzerland over the weekend.
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EUR/USD briefly printed below the 1.120 support in early trading. Should Bessent feed markets with convincing headlines on US-China talks today, a decisive break lower looks on the cards, ING's FX analyst Francesco Pesole notes
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Gold (XAU/USD) sinks more than 2.5% at the start of the European trading session and heads towards $3,233 at the time of writing as the talks between the US and China have brought some low-hanging fruit for the equity markets.
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2025.05.12 18:46Silver price today: Silver falls, according to FXStreet data
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2025.05.12 18:06GBP/JPY extends rally to near 195.00 as safe-haven demand for Yen diminishes
GBP/JPY is extending its upward momentum for the fourth consecutive session, trading around 194.90 during European hours on Monday.
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2025.05.12 18:01Pound Sterling tumbles against US Dollar as US and China lower tariffs for 90 days
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2025.05.12 17:41Disclaimer:
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