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US Dollar: Rally pause seen as temporary – Societe Generale
Societe Generale strategists Kit Juckes and Olivier Korber argue that Dollar strength remains underpinned by robust US growth, sticky inflation and a favourable terms of trade shock versus Europe and Asia.
Gold consolidates below $4,200 as traders reassess Fed interest rate outlook
Gold (XAU/USD) consolidates losses on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week's rebound from a more than seven-month low of $3,941.
Euro: Range-bound against US Dollar under Fed support – ING
ING’s Chris Turner says EUR/USD is consolidating above 1.1400 as markets reassess European Central Bank (ECB) and Fed paths, with a September ECB hike priced below 50% probability.
162.30: Japanese Yen falls back to near 40-year lows as intervention risks loom
The Japanese Yen (JPY) has resumed its broader downtrend against the US Dollar (USD) on Monday following a mild relief last week.
Japanese Yen: Weakness and intervention risks persist against US Dollar – HSBC
HSBC strategists argue that the USD/JPY pair is trading near its highest level in around 40 years and may have shifted into a new, higher range.
WTI Oil falls as oversupply concerns outweigh recent rebound
West Texas Intermediate (WTI) US Oil trades around $68.30 at the time of writing on Monday, down 0.64% on the day, as investors continue to assess the global supply outlook following the latest production decisions by the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
Euro remains depressed against British Pound despite positive Eurozone data
The Euro (EUR) remains depressed near one-year lows against the British Pound (GBP) on Monday, hitting session lows below 0.8560 after pulling back from Friday’s highs at 0.8575.
Euro: Choppy range outlook against US Dollar – Rabobank
Rabobank's Senior FX Strategist Jane Foley notes that EUR/USD recently fell below its prior 1‑month forecast of 1.15, prompting a reassessment of projections.
Gold Price Forecast: XAU/USD struggles to extend recovery above 20-day EMA
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
British Pound: Sterling strength on positioning and flows – Societe Generale
Societe Generale notes that Sterling has been the strongest G10 currency since the Makerfield by-election, helped by a still-sizeable but reduced speculative short base.
USD/CHF Price Forecast: Aiming for the 0.8065 area amid wide US Dollar strength
The Swiss Franc (CHF) pares recent gains against the US Dollar (USD) on Monday, as fresh frictions in the Middle East are dampening investors’ appetite for risk in an otherwise calm market session.
New Zealand Dollar declines on weaker commodity prices, RBNZ policy uncertainty
NZD/USD trades around 0.5680 at the time of writing, down 0.50% on the day as the New Zealand Dollar (NZD) remains under pressure against a stronger US Dollar (USD).
Japanese Yen: Policy risks support higher yields – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has weakened again, pushing USD/JPY back above 162.00 and coinciding with further selling at the long end of the JGB curve.