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Yen Slips as Middle East Tensions Boost Dollar
USD/JPY trades near 162.55, up 0.10% on the day, as renewed geopolitical concerns in the Middle East support the US Dollar.
Canadian Dollar Outlook: Mixed Scenarios With 4 Bearish and 1 Bullish Path
Analysts outline four bearish and one bullish scenario for the Canadian Dollar after a volatile first half of 2025, driven by oil price swings linked to Middle East tensions.
Pound Retreats After Strong US Data Overshadows UK Fiscal Optimism
GBP/USD gave back earlier gains as robust US economic data redirected focus to the dollar, dampening the initial positive effect of UK fiscal discipline signals.
TD Securities: Rate Divergence Weighs on Canadian Dollar Against USD
TD Securities strategists note that softer Canadian CPI data is lifting USD/CAD as rate divergence remains a key driver, with broad USD strength expected to limit downside below 1.40. Higher oil prices are seen as supportive for CAD on crosses but not against the greenback.
BNY: LatAm Currencies Supported by Carry, Strong Balances
BNY's Geoff Yu says Latin American currencies are underpinned by strong balance-of-payments positions and attractive carry, even amid global equity jitters.
Gold Swings Around $4,000 on Conflicting Middle East Headlines
Gold (XAU/USD) traded in a volatile range on Monday, hovering near $4,000 after conflicting Middle East headlines drove intraday swings.
HSBC Sees AUD/USD Upside into 2027 on Carry and Growth Support
HSBC strategists argue the Australian dollar has room to rise into 2027, supported by Australia's relatively high cash and government bond yields, which make AUD attractive on a carry basis within G10.
ECB Pause Seen Limiting Euro Downside Against USD – BBH
Brown Brothers Harriman analyst Elias Haddad expects the ECB to keep rates at 2.25% this week, following June's 25 bps hike, and maintain a data-dependent stance, which should limit euro downside against the US dollar.
New Zealand Dollar Gains as Softer Fed Outlook Offsets Middle East Tensions
NZD/USD rose to around 0.5850, up 0.14%, as the US Dollar weakened following softer US inflation data, outweighing geopolitical concerns from the Middle East.
GBP/USD Shifts Into Broader Range After Breaking Support – UOB
UOB reports GBP/USD has moved into a broader trading range of 1.3385–1.3495 after breaking below the 1.3450 support, with near-term intraday levels seen between 1.3420 and 1.3475.
USD/CAD Rises as Canadian Inflation Misses, Dollar Strengthens
USD/CAD edged higher on Monday after Canadian inflation data came in softer than expected, while a firmer US dollar and geopolitical tensions in the Middle East added pressure on the loonie. The pair was trading near 1.4045, up 0.17%.
USD/JPY Recovers After Initial Decline Amid Yield Uncertainty
The US dollar fell against the Japanese yen before recovering, as US yields decline but remain above Japanese yields, keeping the pair uncertain.
HSBC: RBNZ Tightening Cycle Supports NZD/USD
HSBC strategists expect the New Zealand Dollar to remain supported by the RBNZ's aggressive hiking path and improving growth data, with quarterly 25bp rate hikes projected to 3.50% by Q3.
DBS Sees Euro Supported by Policy Divergence Against USD
DBS Group Research's Philip Wee expects the euro to find support in the coming weeks as markets reassess geopolitical risks and central bank policy divergence.
GBP Steady as Burnham Premiership Seen as Market-Friendly
ING analyst James Smith notes that British markets have remained calm after Andy Burnham became prime minister, with risk premia contained as investors expect no major policy shocks.
Canada June CPI Rises 2.8% YoY, Below Expectations
Canada's headline CPI grew 2.8% year-over-year in June, lower than the 3.2% in May and below market consensus. Monthly prices declined.
EUR/USD Edges Lower as Bearish Flag Pattern Emerges
The euro slipped to near 1.1432 against the dollar during European trading, with a bearish flag formation signaling further potential declines.
Sticky New Zealand Inflation Supports More RBNZ Hikes – BBH
Brown Brothers Harriman expects New Zealand's Q2 CPI to remain well above the RBNZ's target, with readings only slightly below the central bank's own forecasts, supporting further rate hikes.
Australian Dollar Rises Above 0.7000 as Risk Aversion Eases
The Australian Dollar strengthened past the 0.7000 mark against the US Dollar on Monday amid reduced risk aversion, supported by comments from Iran's foreign minister that raised hopes of de-escalation and pushed oil prices lower.
Mediators Propose 10-Day Strike Pause to Revive US-Iran Interim Deal
A senior Iranian official says mediators have proposed a 10-day cessation of strikes to explore reviving the interim deal between the US and Iran.
RBI Intervenes as Indian Rupee Nears Record Low
The Reserve Bank of India has stepped in onshore and offshore to support the rupee as USD/INR trades near its all-time low, according to BNY's Geoff Yu.
ING: Higher Energy Prices Support DXY Recovery
ING analyst Chris Turner notes that deteriorating Gulf headlines and higher energy prices are keeping the US Dollar Index supported, though DXY remains about 1% below its June high.
UK PM Starmer Resigns
UK Prime Minister Keir Starmer has tendered his resignation to King Charles, becoming the seventh prime minister since the country's exit from the European Union.
BBH Sees Japan June CPI Edging Higher, Supporting BoJ Expectations
Brown Brothers Harriman's Elias Haddad expects Japan's June CPI to edge higher across headline and core measures, with core ex fresh food and energy steady.