EUR/USD consolidates with minor losses after a volatile start to the week as traders assess evolving geopolitical developments in the Middle East, while price action remains driven by the US Dollar (USD) and Oil price dynamics.
MUFG economists highlight that the Swiss Franc (CHF) has underperformed as the Swiss National Bank (SNB) leans against currency strength and downplays current inflation.
Societe Generale economist Kunal Kundu expects India’s April headline Consumer Price Index (CPI) inflation to rise to 3.9% year-on-year from 3.4% in March, driven by food-and-beverages and fuel components.
Gold (XAU/USD) holds firm after filling the week’s bearish opening gap, supported by a softer US Dollar (USD).
US President Donald Trump is meeting with his national security team on Monday, considering the possibility of resuming military action against Iran, as Tehran’s response fell short of complying with Washington’s demands, three officials said to Axios.
United States 3-Year Note Auction rose from previous 3.897% to 3.965%
United States (US) President Donald Trump said that Iran’s proposal was “stupid” and that they agreed on his terms, but then reversed on them. Trump told reporters in the Oval Office on Monday.
US equity index futures opened the week little changed as Wall Street weighed a renewed flare-up in the US-Iran standoff against this week's marquee inflation print.
The USD/JPY pair attracts some buyers for the second straight day and advances to a four-day high following the disappointing release of Japan's Household Spending data this Tuesday.
West Texas Intermediate (WTI) Oil posts strong gains on Monday, with the US benchmark trading around $94.70 at the time of writing, up 3.18% on the day after opening the week with a significant bullish gap.
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.
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.”
