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Bonds, Currencies Rally on Potential US–Iran Deal; SpaceX IPO, AI Regulation in Focus
Asian markets start the week with risk assets, bonds and currencies gaining on a prospective US–Iran deal. Additional catalysts include liquidity relief from a SpaceX IPO and limited regulatory enforcement on Anthropic's Fable 5 AI.
GBP/USD Extends Advance as US-Iran Deal Boosts Sentiment
GBP/USD rose 0.35% to near 1.3460 in late Asian trading on Monday, extending a week-long advance after the US and Iran reached a deal, improving market sentiment.
Euro climbs above 1.1600 on US–Iran peace breakthrough
The EUR/USD pair rose to near 1.1610 during early European trade Monday after reports of a US–Iran deal to reopen the Strait of Hormuz, boosting risk appetite and supporting the euro against the dollar.
Indian Rupee Surges as Oil Prices Fall on US-Iran Peace Agreement
The Indian Rupee opened strongly against the US Dollar as USD/INR fell to near 94.60, driven by a sharp drop in oil prices after the US and Iran finalized a permanent peace deal.
AUD/JPY Strengthens Above 113.00, Positive Tone Intact
The AUD/JPY cross traded around 113.35 during early European session Monday, supported by reports of a US-Iran peace deal that boosted risk appetite for the Australian dollar against the Japanese yen.
EUR/USD Tests Key Resistance Above 50% Fib Retracement
The EUR/USD pair is trading above the 50% Fibonacci retracement level on the 4-hour chart and is attempting to break above a major bearish trend line.
US Dollar Index Drops Below 100 as Safe-Haven Demand Fades
The US Dollar Index (DXY) fell to around 99.50 during Asian hours as safe-haven demand waned.
NZD/USD Climbs as Risk Aversion Eases, Domestic Data Supports
The New Zealand Dollar strengthened against the US Dollar on Monday, recovering from minor losses the previous day. NZD/USD traded near 0.5850 during Asian hours, supported by improved risk appetite and domestic economic data.
Japanese Yen Flatlines on US-Iran Deal, BoJ Rate Hike Expectations
The USD/JPY pair trades near 160.20 as the US Dollar softens on reports of a US-Iran peace deal, while BoJ rate hike expectations cap Yen losses.
USD/CAD Falls as Canadian Dollar Gains on Reduced Safe-Haven Demand
USD/CAD depreciated to around 1.3970 during Asian hours Monday, reversing two days of gains, as the US dollar broadly declined on fading safe-haven demand.
Gold Hits Weekly High After US-Iran Peace Deal
Gold prices rose to a weekly high during Asian trading on Monday after the US and Iran reached a peace deal, easing inflation and interest rate concerns.
PBOC Fixes USD/CNY Central Rate at 6.8088, Slightly Weaker Dollar
The People's Bank of China set the USD/CNY reference rate at 6.8088 on Monday, marginally lower than the previous fix of 6.8109, indicating a slight strengthening of the yuan.
British Pound Rises as US-Iran Peace Deal Boosts Sentiment
GBP/USD gained ground on Tuesday, trading around 1.3450 in Asian hours, as improved market sentiment on a US-Iran peace deal lifted the pound.
USD/JPY Hits 160: What the Yen's Slide Means
The USD/JPY pair has reached the 160 level, a threshold that historically triggers official warnings and accelerates intervention decisions, forcing carry traders to reassess positions.
Why Traders Fail: Risk Management Over Entry Signals, Says Ian Coleman
Professional traders prioritize capital preservation over entry signals, focusing on position sizing and the 2% Rule, according to Ian Coleman. He explains that retail traders ignore risk management rules that ensure long-term survival.
Central Bank Decisions: Fed, BoJ, BoE, RBA in Focus Next Week
The US Dollar Index edged lower last week, closing near 99.80 as markets brace for a week packed with monetary policy decisions from the Fed, Bank of Japan, Bank of England, and Reserve Bank of Australia.
South Korean Authorities Step Up FX Stabilisation Push – Societe Generale
Societe Generale notes that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the won.
Gold Holds Above $4,200 on Hopes of US-Iran Deal
Gold (XAU/USD) consolidates above $4,200 as market optimism grows over a potential US-Iran deal expected next week, easing inflation concerns.
KRW Strengthens on Equities and Hawkish BoK – BBH
South Korean Won is outperforming on strong local equities and a hawkish central bank stance, according to Brown Brothers Harriman's Elias Haddad.
USD/CAD RSI Overbought; Bears Defend 1.4000 Level
USD/CAD traded higher on Friday, supported by lower oil prices weighing on the Canadian dollar. However, the RSI entered overbought territory and bears are actively defending the 1.4000 resistance level.
Yen Weakness Sparks Intervention Concerns as USD/JPY Remains Elevated
Scotiabank strategists warn that USD/JPY's persistent strength above prior intervention-trigger levels raises the risk of Japanese authorities stepping in to support the yen.
EUR/USD Steady as Market Awaits US-Iran Peace Deal Clarity
EUR/USD trades around 1.1573, fluctuating between modest gains and losses as traders await Tehran's decision on a potential agreement with the US to end the Middle East conflict.
Societe Generale: Policy Mix Supports Yuan Amid Subdued Inflation
Societe Generale notes that China's May CPI at 1.2% and core at 1.1% indicate weak consumer demand, while PPI hit a four-year high, yet a supportive policy mix is expected to stabilize the yuan.
iFX EXPO International Returns June 16–18 with Kraken, Google, Visa Speakers
iFX EXPO International will be held June 16–18, featuring senior leaders from Kraken, Google, and Visa discussing tech stacks, liquidity, tokenization, payments, and personal branding.