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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.
BNY says Euro value case needs growth confirmation
BNY's Geoff Yu argues Euro assets show emerging value as ECB holds steady and inflation eases, but cautions that PMI data and corporate earnings must confirm stable growth.
ING: US-Iran Tensions Keep Forint Under Pressure
ING analyst Frantisek Taborsky notes that rising US-Iran tensions are driving risk-off sentiment, keeping the Hungarian forint under pressure amid a light data calendar in Central and Eastern Europe.
Hungarian Forint Lags as MNB Rate Cut Looms: SocGen
Société Générale flags the Hungarian forint as July's poorest performer among CEE currencies, with EUR/HUF climbing back above 363 as markets price in another 25bp cut by the Magyar Nemzeti Bank.
Silver Rises to $56.83, Up 1.49% on Monday
Silver prices increased on Monday, trading at $56.83 per troy ounce, a 1.49% gain from $56.00, according to FXStreet data.
AUD/JPY Rises on RBA-BoJ Rate Differential, PBOC Decision
The Australian Dollar strengthened against the Japanese Yen, pushing AUD/JPY to around 113.60 during European hours, supported by the rate gap between the RBA and BoJ and a boost from the PBOC's interest rate decision.
Swiss Franc Gains Against USD as Geopolitics and Fed Bets Weigh
USD/CHF turned lower for the second straight day, falling from an intraday high near 0.8100, as traders focus on geopolitical developments and Federal Reserve expectations.
Canada June CPI Seen Slowing to 2.9%, BoC Pause Likely Extended
Brown Brothers Harriman forecasts Canada's June headline CPI will slow to 2.9% YoY, with core measures also easing. This supports an extended pause by the Bank of Canada.
Brent Oil Surges on Geopolitical Risks, Biggest Weekly Gain Since April – DB
Deutsche Bank strategists highlight a sharp rebound in Brent oil driven by escalating US-Iran tensions, with Brent recording its largest weekly gain since April.
AUD/USD Builds Strength Above 0.7000 as USD Weakens
The Australian dollar pushed above the 0.7000 level against the US dollar during early European trade on Monday, extending gains as the greenback softened.
AUD/USD Uptrend Risk Intact Above 0.6950 – UOB
United Overseas Bank notes AUD/USD slipped below its recent consolidation range but continues to trade within 0.6960–0.7000 intraday. The bank maintains that the upside scenario remains valid as long as the pair stays above 0.6950.
Euro Holds Recovery Near 1.1450 Against Dollar, ECB in Focus
The Euro maintains its early recovery move around 1.1450 against the US Dollar during European trading, with attention on upcoming ECB policy decisions.
Societe Generale: USD/CAD Fails to Hold Above 1.4130, Eyes 1.3970
Societe Generale technical analysts note that USD/CAD could not sustain a break above 1.4130, triggering a pullback. The pair is now moving toward the 50-DMA and the March peak near 1.3970, which is seen as key support.
Silver Price Forecast: XAG/USD Bulls Await Breakout Through Trend-Line Near $57.25
Silver (XAG/USD) is trading near $57.00, up over 1.50% during early European session, with bulls awaiting a breakout above a trend-line hurdle near $57.25.
Euro Weakens vs Canadian Dollar After German PPI Decline
EUR/CAD trades around 1.6030 in early European hours, staying negative after Germany's Producer Price Index fell in June, pressuring the Euro.
Commerzbank: Hawkish ECB Tone Limits EUR/USD Downside
Commerzbank analyst Thu Lan Nguyen suggests EUR/USD may find limited downside as hawkish ECB rhetoric offsets a lack of clear catalysts from US data or the Federal Reserve this week.
BNY: Softer US Inflation Shifts Focus to PMI Data for Dollar Direction
BNY analyst Geoff Yu says softer US inflation has reduced pressure for a hawkish Fed, turning attention to S&P PMI data to confirm growth trends and guide dollar expectations.
British Pound Rebounds Against Japanese Yen at Start of Data-Packed Week
The British Pound snapped a two-day correction against the Japanese Yen on Monday, rebounding to near 218.60 during European trading.
USD/JPY holds intraday upside bias, range-bound near 162.75 – UOB
United Overseas Bank notes USD/JPY retains an intraday upside bias, with key resistance at 162.75 and 163.00 unlikely to be challenged. The pair is expected to trade within a 161.30–163.00 range over the next one to three weeks.
US Dollar Index Steadies Above 100.50 with Bullish Bias
The US Dollar Index (DXY) steadies near 100.75 in early European trading, maintaining a bullish bias above the key support level of 100.50.
EUR/GBP Dips as Pound Gains Ahead of Burnham Nomination
The euro edged lower against the pound on Monday, trading at 0.8495, as a rebound from 13-month lows failed to sustain momentum, with focus on Andy Burnham's nomination.