The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.25% higher to near 99.00 during the European trading session on Monday.
Societe Generale economists Anatoli Annenkov, Michel Martinez, Fabien Bossy and Sam Cartwright argue that upside risks to Euro area core inflation justify bringing forward European Central Bank rate hikes.
Oil prices jumped on Monday following the failure of the peace talks between the US and Iran and the US pledge to block the Strait of Hormuz.
Gold (XAU/USD) touches a fresh daily high during the first half of the European session and looks to build on its intraday bounce from the $4,633-$4,632 area, or a four-day low, touched earlier this Monday.
Danske Research Team reports that Hungary’s election delivered a decisive victory for Péter Magyar’s pro‑EU Tisza party over Viktor Orban’s Fidesz, easing concerns about future EU budget and Ukraine aid negotiations.
According to a report from the Iranian state media Islamic Republic of Iran Broadcasting (IRIB), a spokesperson from Iran’s Khatam al-Anbiya Central Headquarters said during European trading hours on Monday that Tehran condemns the United States (US) intentions to blockade vessels entering and exiti
Deutsche Bank’s strategists highlight that S&P 500 futures are lower as the Iran conflict escalates and energy prices jump, pressuring global risk sentiment.
Rabobank’s Global Daily notes the Euro is weaker in early Asian trading despite a decisive victory for Peter Magyar’s pro‑EU Tisza party over Viktor Orban’s Fidesz in Hungary.
The Euro (EUR) shows a netvous consolidation around the 0.8700 line against the British Pound (GBP) on Monday. Market sentiment has deteriorated following the failure of the peace talks between the US and Iran.
The Australian Dollar (AUD) demonstrates a mixed performance against its major currency peers, still trading 0.2% lower to near 0.7050 against the US Dollar (USD) during the European trading session on Monday, even after recovering a major chunk of its opening losses.
The USD/JPY pair opens with a bullish gap at the start of a new week, though it lacks follow-through buying and remains below the 160.00 psychological mark heading into the European session.
Commerzbank’s Tatha Ghose highlights that Hungary’s election delivered a supermajority for Peter Magyar’s Tisza party, easing transition risks and opening scope for structural reforms.
