EUR/USD
The EUR/USD pair loses ground to around 1.1465 during the early European session on Monday. The uncertainty surrounding the US-Iran peace deal, following threats from President Donald Trump to restart the war in the Middle East, weighs on the riskier assets such as the Euro (EUR) against the US Dollar (USD).
GBP/USD
The GBP/USD pair climbs back to the 1.3235 region during the Asian session and fails the weekly bearish gap opening amid a modest US Dollar (USD) downtick, though the upside potential seems limited.
USD/JPY
The USD/JPY pair attracts fresh buyers at the start of a new week and climbs back above mid-161.00s during the Asian session. Spot prices remain well within striking distance of the highest level since July 2024, touched last Thursday, and seem unaffected by speculation of imminent intervention by Japanese authorities.
AUD/USD
The AUD/USD pair loses traction to near 0.7005 during the early European trading hours on Monday, pressured by risk-off sentiment. Traders continue to assess the developments surrounding the US-Iran peace deal following fresh threats from US President Donald Trump.
NZD/USD
The NZD/USD pair trades in negative territory around 0.5735 during the early Asian session on Monday. The China-proxy New Zealand Dollar (NZD) remains weak following the People’s Bank of China (PBOC) interest rate decision. Traders continue to digest the developments surrounding the US-Iran peace deal.
USD/CAD
USD/CAD extends its gains for the fifth successive day, trading around 1.4190 during the Asian hours on Monday. The pair hits a 14-month high of 1.4191 as the US Dollar (USD) receives support from safe-haven demand, which could be attributed to renewed concerns over a US-Iran peace deal. Traders will likely observe Canada’s Consumer Price Index (CPI) data due later in the North American session.
USD/CHF
USD/CHF remains stronger for the fourth consecutive day, trading around 0.8080 during the Asian hours on Monday. The pair remains close to a nearly seven-month high of 0.8091, reached on June 19, as the US Dollar (USD) receives support from safe-haven demand, which could be attributed to renewed concerns over a US-Iran peace deal.
CRUDE OIL
Oil prices erased early gains and turned lower on Monday after Iran said good progress had been made in talks with the U.S. in Switzerland, even as U.S. President Donald Trump threatened fresh military action against Iran over Hezbollah attacks on Israel.
Gold (XAU/USD) trims a part of its strong intraday gains to levels beyond the $4,200 mark, though it retains positive bias for the first time in four days. Crude Oil prices turn lower following a modest bullish weekly gap after mediators Qatar and Pakistan announced a formal 60-day roadmap aimed at securing a final US-Iran peace deal. This, in turn, helps ease concerns around inflation and higher interest rates, offering some support to the precious metal. The commodity, however, remains well within striking distance of a more than one-week low set on Friday.
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