MUFG’s Senior Currency Analyst Lloyd Chan notes that the US–Iran conflict and threats to Middle Eastern energy infrastructure are keeping energy risk premia elevated, supporting the Dollar.
HSBC Asset Management notes that Gold has sold off sharply despite heightened geopolitical tensions and a stronger Dollar, behaving more like a risk asset in 2026.
Commerzbank’s Thu Lan Nguyen notes that recent Euro strength against the Dollar reflects expectations that the ECB will react more quickly to the latest inflation shock than in 2022. Higher Oil and gas prices are seen feeding into Euro area inflation, with German data key.
The Euro (EUR) consolidates last week's losses near 1.1500 on Monday, with the US Dollar favoured by a dismal market sentiment. Investors are coming to terms with the Idea of a protracted war in the Middle East, with high Oil prices posing significant challenges for the crude oil-importing Eurozone
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from the vicinity of the monthly top, around the 100.30 region, retested earlier this Monday.
The USD/CAD pair posts a fresh two-month high at 1.3900 in the Asian trading session on Monday. The Loonie pair extends its five-day-long advance as the US Dollar (USD) trades firmly amid strong demand for safe-haven assets.
South Africa Private Sector Credit rose from previous 8.83% to 10.5% in February
Silver price (XAG/USD) trades almost 1% higher to near $70.50 during the early European trading session on Monday.
AUD/JPY has pared its recent gains from the previous trading day, hovering around 109.70 during the Asian hours on Monday.
GBP/USD inches higher after four days of losses, trading around 1.3270 during the Asian hours on Monday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair remains within the descending channel pattern.
West Texas Intermediate (WTI) oil price edges lower after three days of gains, trading around $98.90 per barrel during the Asian hours on Monday. However, crude oil prices may recover on supply concerns as expectations for a quick resolution to the Iran conflict continue to fade.
The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak.
