The Wall Street Journal reported on Monday that Iran seeks talks with the United States (US) and Israel, and sends messages via Arab intermediaries to end hostilities, per Reuters.
The Indian Rupee (INR) strengthens against the US Dollar (USD) on Monday, halting a two-day losing streak as the US Dollar Index (DXY) slips lower and fresh trade data boosts sentiment.
USD is likely to trade in a range between 7.1770 and 7.1970. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
US Dollar (USD) could potentially test 145.00 against Japanese Yen (JPY); the major resistance at 145.50 is unlikely to come under threat. In the longer run, USD is likely to trade in a range between 143.00 and 145.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
The Japanese Yen (JPY) is soft against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of mild risk appetite, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Geopolitical escalation in Middle East saw safe haven proxies, including JPY strengthening last Friday. USD/JPY was last at 144.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Pound Sterling (GBP) is entering Monday’s NA session flat against the US Dollar (USD), a relative underperformer in an environment of modest risk appetite and mild USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Euro (EUR) is up 0.2% vs. the US Dollar (USD) and a mid-performer among the G10, extending its recovery from last week’s geopolitically-driven pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
The NZD/USD pair is up 0.5% to near 0.6040 during European trading hours on Monday. The Kiwi pair strengthens as demand for riskier assets has increased, while tensions between Israel and Iran remain intact.
The Canadian Dollar (CAD) retains a firm undertone against a generally softer US Dollar (USD). The CAD’s performance since the outbreak of Israel/Iran hostilities last week is fairly middling among the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Gold is higher at the Monday open, getting closer to a fresh all-time high, with rising tensions in the Middle East fuelling haven demand, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
The US Dollar (USD) is softer overall, crude oil is lower while the ILS is some 2% stronger and risk appetite is firmer at the start of what is likely to be a busy week for markets, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note, Scotiabank's Chief FX Strategists Shaun Osborne and Eric T
This was always meant to be a very busy week for markets, as a few key central bank meetings – including the Federal Reserve's – were set to refresh the market understanding of policymakers’ stance on the inflation-growth balance in the second month of global US protectionism.
New Zealand Dollar (NZD) is likely to trade in a range between 0.6000 and 0.6050. In the longer run, upward pressure has faded; NZD is likely to trade in a range of 0.5970/0.6080 for now.
Oil extended gains on Monday morning as Israel-Iran attacks extended to a fourth day. On Saturday, Israel temporarily knocked out a natural gas processing facility linked to the South Pars field and targeted fuel storage tanks during strikes.
US Dollar (USD) remains a touch firmer amid geopolitical escalation between Israel and Iran. DXY was last at 97.93 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Swiss Franc (CHF) is holding steady against the US Dollar (USD) on Monday, even as the US Dollar Index (DXY) slips back below 98.00, with traders brace for a relatively calm start to a week full of central bank decisions and the context of an escalating war between Israel and Iran..
Downward pressure appears to have eased; Australian Dollar (AUD) is likely to trade sideways between 0.6460 and 0.6520. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
The USD/JPY pair surrenders its early gains and flattens around 144.15 during European trading hours on Monday. The pair faces selling pressure as the US Dollar (USD) falls back after failing to extend Friday’s recovery move.
Retail sales growth accelerated to a 17-month high in May on front-loaded policy support. Better sentiment after US-China tariff truce supported steady export and IP growth.
The Australian Dollar is one of the stronger performers on Monday, favoured by an improving market sentiment and a weaker US Dollar. The pair is rallying about 0.45% so far today, returning to levels past 0.6500 as fears about the Middle East conflict ease.
Handelsblatt, a German newspaper, reported on Monday that the European Commission is prepared to accept a flat-rate United States (US) tariff of 10% under clear conditions.
Important Information Before You Sign Up as a Company
Before you proceed, please read this important information about our review and rating policies.
Do – Get real customer reviews and embed our ratings widgets
Do – Get real customer reviews and embed our ratings widgets
Showcasing real experiences builds trust and drives long-term success. Our widgets highlight authentic customer feedback, boosting credibility. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.
Don't – Attempt to trick our system with fake reviews
Don't – Attempt to trick our system with fake reviews
We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. The best strategy? Rely on real, satisfied customers to build your rating honestly.