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UOB: AUD/USD Downward Bias Toward 0.6980
UOB analysts maintain a negative outlook on AUD/USD, targeting a move toward 0.6980 following a quiet period in the pair.
US Dollar Rallies on Middle East Tensions, Inflation Expectations
The US Dollar strengthened at the start of the week amid escalating geopolitical tensions in the Middle East, rising inflation expectations, and weakness in major rivals like the British pound due to an impending change in prime minister.
Dollar Steady in Asian Trading as US Markets Reopen After Holiday
The dollar held steady during Monday's Asian session after a long weekend in the US. With no high-impact data due, fundamentals and risk appetite are expected to drive the greenback.
ECB's Escrivá: Monitor wage second-round effects
European Central Bank policymaker José Luis Escrivá said the ECB needs to watch for second-round effects on wages during a Monday European session.
UOB: GBP/USD Weak Bias, Key Support in Focus After April Low Test
United Overseas Bank analysts note that GBP/USD remains in a corrective phase after testing April's low near 1.3160, with key support levels now under scrutiny.
EUR/GBP Rises to 0.8670 as UK Political Uncertainty Weighs on Pound
The EUR/GBP cross edged higher to around 0.8670 on Monday during early European trading, as the British Pound weakened against the Euro amid political uncertainty in the United Kingdom.
Russian Central Bank Cuts Rate by 25 bps, Signals Hawkish Stance: Commerzbank
Commerzbank notes the Russian Central Bank surprised markets by cutting its key rate by only 25 basis points to 14.25%, against expectations of a 50 bps cut, indicating a hawkish policy stance and limited direct impact on the ruble.
NZD/USD Hovers Near 0.5720 Amid Geopolitical Pressures
The New Zealand Dollar continues to weaken against the US Dollar, trading around 0.5730 and approaching its year-to-date low, as geopolitical risks weigh on sentiment.
Strait of Hormuz Risk Ahead of Major FX Data Releases
The Strait of Hormuz returns to focus as traders prepare for key economic data from Canada, Australia, and the US this week.
Week Starts with Cautious Optimism Amid US-Iran Peace Talks Uncertainty
The new trading week opened on a surprisingly positive note despite ongoing uncertainty over US-Iran peace talks, which were postponed on Friday following renewed Israeli attacks.
GBP/USD Slides to 1.3220 on UK Political Uncertainty
The British pound fell 0.1% against the US dollar to near 1.3220 during early European trading, under pressure from UK political uncertainty.
EUR/USD Seen Consolidating Before Further Decline: UOB
UOB analysts note that EUR/USD remains under pressure after a brief dip to 1.1416, with consolidation expected before a potential slide against the US dollar.
Silver advances to $66.35 on US-Iran peace deal hopes
Silver (XAG/USD) rose to around $66.35 during early European trade on Monday, supported by progress in US-Iran peace talks that eased Middle East tensions.
Indonesian Rupiah Declines as MSCI Warning Sparks Capital Outflows
The Indonesian Rupiah weakened against the US Dollar after an MSCI warning prompted capital outflows, with USD/IDR rebounding to around 17,870 during Asian hours.
AUD/USD Weakens Near 0.7000 on Middle East Uncertainty
The Australian Dollar edged lower to around 0.7005 on Monday as risk-off sentiment weighed, with traders monitoring US-Iran peace deal developments.
EUR/USD Finds Relief But Gains May Be Narrow
EUR/USD has staged a minor recovery after settling below 1.1500 and both the 100- and 200-period SMAs on the 4-hour chart. A low was formed at 1.1471, but upside appears limited.
Euro Vulnerable to 1.1300 if 1.1400 Support Breaks
The dollar index continues to rise, targeting 101-101.50, while the euro risks a drop to 1.1300 if support at 1.1400 fails. EURINR must hold above 108 to avoid falling to 107.50-107, and EURJPY is expected to trade within the 183-186 range.
Canadian Dollar Hits 14-Month Low as USD/CAD Reaches 1.4190
USD/CAD extended its gains for a fifth straight day, trading around 1.4190 during Asian hours Monday and hitting a 14-month high. The pair was supported by safe-haven demand for the US dollar amid renewed US-Iran tensions and lower oil prices.
Japanese Yen Near Two-Year Low as USD/JPY Climbs Above Mid-161.00s
The Japanese Yen remains near a two-year low against the US Dollar, with the USD/JPY pair attracting fresh buyers and rising back above the mid-161.00s during Asian trading on Monday.
EUR/JPY Extends Gains, Tests Nine-Day EMA Above 185.00
EUR/JPY continues its upward trend for the third consecutive day, trading near 185.20 during Asian hours. The pair shows a mild bullish bias, holding above the 50-day EMA but facing resistance at the nine-day EMA.
US Dollar Index Holds Gains Near 100.00 on US-Iran Tensions
The US Dollar Index (DXY) recovers recent losses and trades around 100.80 during Asian hours, supported by renewed geopolitical tensions between the US and Iran.
GBP/USD Fills Weekly Bearish Gap, Upside Capped by UK Political Chaos
The GBP/USD pair recovered to 1.3235 in Asian trading, filling the weekly bearish gap as the US dollar weakened, but gains are limited by ongoing UK political instability.
NZD/USD Falls Below 0.5750 on PBOC Rate Hold, Iran Talks
The NZD/USD pair trades in negative territory around 0.5735 during early Asian session Monday, pressured by PBOC's rate decision and geopolitical factors.
Australian Dollar Holds Gains Against Yen After PBoC Decision
AUD/JPY traded around 113.30 on Monday, holding gains after the People's Bank of China's latest rate decision supported the Australian Dollar.