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AUD Gains as US-Iran Hormuz Deal Sinks USD, Oil
The Australian Dollar rose over 0.37% after the US and Iran signed a Memorandum of Understanding aimed at ending the conflict and opening nuclear talks, which weighed on the US Dollar and crude oil prices.
US Dollar Lifts Off Lows as Trump Hints at Iran Deal Progress
The US Dollar Index recovered from 10-day lows after President Trump indicated an Iran deal has been signed, though he warned that sanctions relief will not come until Iran complies.
Peace Deal Sparks Risk-On Session, NZD Under Pressure
A framework peace agreement between Washington and Tehran triggered a risk-on session, with global equities rallying and crude oil falling sharply, while the New Zealand dollar weakened.
USD/CHF Retreats as Middle East Tensions Ease, Inverted Head-and-Shoulders Pattern Intact
USD/CHF fell over 0.34% on Monday as most G8 currencies strengthened against the US Dollar following a US-Iran peace deal that reduced Middle East conflict fears. The pair traded at 0.7943 after hitting a daily high.
US Dollar Weakens on US-Iran Peace Deal but Supported by Hawkish Fed Outlook
The US Dollar edged lower Monday as a US-Iran framework peace deal reduced safe-haven demand, though hawkish Federal Reserve expectations limited losses.
Australian Dollar Seeks Catalyst to Resume Uptrend as Momentum Fades Near 0.7300
The Australian dollar's recent upward trend has stalled near the 0.7300 level, with traders awaiting a fresh catalyst to push it higher.
Australian Dollar Rebounds as Softer USD and Iran Peace Talks Boost Risk Sentiment
The AUD/USD pair climbed near 0.7080 on Monday, gaining 0.46% as improved risk sentiment followed reports of a preliminary US-Iran peace agreement.
Euro Holds Firm as US-Iran Peace Deal Boosts Risk Appetite, Fed Decision Looms
EUR/USD holds near 1.1598 on Monday as a US-Iran peace deal lifts risk appetite, reducing safe-haven demand for the dollar. Traders now await the upcoming Fed decision.
British Pound Rises as US-Iran Accord Sends Oil Plunging
The Pound Sterling advances 0.31% on Monday as risk appetite improves following a US-Iran agreement to be signed on June 19 in Geneva, causing oil prices to drop.
Indonesia Rupiah Gains Temporary Relief After BI Rate Hike, But Confidence Still Fragile
Bank Indonesia's emergency rate hike has provided short-term support for the Rupiah, but the currency's muted rally signals that investor confidence has not been fully restored. The question remains whether higher interest rates can address deeper structural challenges.
Japanese Yen Gains After Weak US Industrial Output, BoJ Decision Ahead
USD/JPY trades cautiously as recent US industrial production data came in softer than expected, while the market awaits the Bank of Japan's upcoming rate decision.
New Zealand Dollar Rises on US-Iran De-Escalation Ahead of Fed Decision
NZD/USD trades around 0.5840, up 0.17% on the day, as broad-based US Dollar weakness follows a reported framework agreement between the US and Iran to end hostilities. Markets await the Federal Reserve's policy decision.
Swiss Franc Gains as US-Iran Peace Deal Dents Safe-Haven Demand for USD
The Swiss Franc strengthened against the US Dollar on Monday after a US-Iran peace agreement reduced safe-haven demand for the greenback.
Fed Meeting with Warsh in Focus, BOJ Rate Hike Expected
Key events this week include a Federal Reserve meeting under new leadership with Mr. Warsh, a Bank of Japan rate hike expected tonight, and industrial production data from the eurozone and the US.
Gold Surges 2.5% on US-Iran Deal and Falling Oil Bets
Gold (XAU/USD) opened the week with a 2.5% gain after the US and Iran reached a framework agreement to end the Middle East conflict, while declining oil prices reduced expectations of rate hikes.
Japanese Yen in Focus as Risk Flows Shift on Geopolitical Easing
BNY's Bob Savage highlights the Japanese Yen as FX markets react to geopolitical de-escalation and shifting risk sentiment. The reopening of the Strait of Hormuz supports risk assets, while policy divergence involving JPY and KRW draws attention.
BNY: Dollar Trades in Risk-On Mode After US-Iran Strait of Hormuz Deal
BNY’s Bob Savage notes the US Dollar is trading in a broader risk-on environment following the US-Iran agreement to reopen the Strait of Hormuz, which eased energy supply fears. FX markets are focused on policy divergence, with the dollar’s trajectory being reassessed alongside the yen.
SNB to Hold Interest Rates at 0% Through End of 2026, Reuters Poll Shows
All 35 economists surveyed in a Reuters poll expect the Swiss National Bank to keep its policy rate at 0% at the June 18 meeting and for the remainder of the year, with 28 of them forecasting no change through end-2026.
MUFG: Yen Short Positioning Elevated Ahead of BoJ Hike, USD/JPY Holds Above 160
MUFG analyst Lee Hardman notes that the Japanese yen has not benefited from lower energy prices, with USD/JPY still above 160.00 as short positioning remains elevated before the Bank of Japan's expected rate hike.
ECB's Kazimir Stresses Frontloading Rate Hikes Despite US-Iran Peace Deal
European Central Bank Governing Council member Peter Kazimir has emphasized the need for further interest rate increases, even after the peace deal between the US and Iran.
NBC: USD/CAD May Remain Range-Bound
National Bank of Canada notes USD/CAD has been consolidating and may stay range-bound amid shifting expectations for the Federal Reserve and Bank of Canada.
AUD/USD Holds Near 0.7090 with Bullish Pressure Mounting
The Australian Dollar trims earlier gains against the US Dollar on Monday as markets assess the US-Iran peace agreement ahead of a busy central bank week.
Yen Strengthens as US Dollar Gaps Down, Trump Announces Iran Deal
The US dollar opened with a downside gap that may persist, as President Trump announced a deal with Iran reopening the Strait of Hormuz from June 19, boosting the yen.
Rabobank Sees Gradual Upside Path for Euro
Rabobank's FX strategy team outlines a gradual upside path for the euro, noting that the dollar's initial safe-haven gains during the Iran conflict have faded after a ceasefire memorandum eased tensions and reduced Fed hike expectations.