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Brent: Energy risks rise with Hormuz tensions – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team highlights that Brent Oil trading near $90 and elevated crack spreads underscore tight energy conditions as geopolitical risks escalate around Iran and Hormuz.
Australian Dollar rises against Japanese Yen due to RBA-BoJ rate differential
AUD/JPY rises after two days of losses, trading around 113.60 during the European hours on Monday. The currency cross appreciates as the Australian Dollar (AUD) holds gains following the release of the interest rate decision by the People’s Bank of China (PBOC), China's central bank.
British Pound: Outperformance on yields and politics repricing – MUFG
MUFG’s Lee Hardman highlights the Pound as the best performing major currency in recent weeks, supported by higher UK real yields and favourable carry conditions.
USD/JPY Price Forecast: Forms Symmetrical Triangle near multi-decade highs
The Japanese Yen (JPY) trades marginally higher against the US Dollar (USD) during the European trading session on Monday.
Euro: Energy and spreads shape near-term path – ING
ING’s Chris Turner highlights that with Brent above $90, EUR/USD might normally trade below 1.14, but tighter correlation between energy and short-dated Euro swap rates is offering support.
Eurozone Construction Output s.a (MoM): 0.4% (May) vs previous 0.6%
Eurozone Construction Output s.a (MoM): 0.4% (May) vs previous 0.6%
Eurozone Construction Output w.d.a (YoY) climbed from previous 0.9% to 1.2% in May
Eurozone Construction Output w.d.a (YoY) climbed from previous 0.9% to 1.2% in May
Canadian Dollar holds near monthly highs with Inflation data in the spotlight
The Canadian Dollar (CAD) holds gains near one-month highs against the US Dollar (USD) on Monday.
Swiss Franc remains on the front foot against USD as traders eyes geopolitics, Fed bets
The USD/CHF pair turns lower for the second straight day following an intraday uptick to the 0.8100 neighborhood and touches a fresh daily low during the first half of the European session on Monday.
Canadian Dollar: Soft inflation supports extended BoC pause – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad looks for Canada June headline Consumer Price Index (CPI) to slow to 2.9% year-on-year, with core measures near 2%.
British Pound gains as Andy Burnham to become new Prime Minister
GBP/USD gains ground after two days of losses, trading around 1.3470 during the European hours on Monday.
Brent: Geopolitical risks drive the biggest gain since April – Deutsche Bank
Deutsche Bank strategists highlight a sharp rebound in Brent Oil as US–Iran tensions escalate, with Brent posting its biggest weekly gain since April and extending gains this morning.
Australian Dollar looks to build on strength above 0.7000 vs a weaker USD
The AUD/USD pair hits a fresh daily high during the early part of the European session on Monday, with bulls now looking to build on the intraday move up beyond the 0.7000 psychological mark amid a weaker US Dollar (USD).