British Pound steadies as Starmer ouster fears rock UK Gilts

The Pound Sterling (GBP) holds modestly firm against the US Dollar (USD) during the North American session on Monday, down a minimal 0.06% as pressure mounts on the UK’s Prime Minister Keir Starmer as his party sustained losses in local elections.

Australian Dollar surges as traders await US CPI, Trump rejects Iran deal

AUD/USD surges toward the 0.7260 region on Monday, supported by improving demand for commodity-linked currencies despite renewed geopolitical tensions after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.”

Euro: Recovery against US Dollar targets key Fib level – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the Dollar (USD), struggling against resistance in the upper 1.17s as softer European Central Bank (ECB) expectations weigh, partly offset by better risk sentiment.

US Dollar: Gradual depreciation path outlined – BNP Paribas

BNP Paribas economists expect the US economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation overshooting at 3.5%. They see the Fed Funds target range steady at 3.5%-3.75% as the Federal Open Market Committee (FOMC) adopts a two-sided outlook.

Japanese Yen: Choppy trade versus US Dollar around intervention line – OCBC

OCBC’s FX Christopher Wong describes USD/JPY as a two-way trade after suspected Ministry of Finance (MoF) intervention capped gains near 160. He notes bearish daily momentum but says fundamentals are not decisively Japanese Yen (JPY)-positive, with higher Oil prices still a drag.