Euro softens against British Pound despite ECB hike prospects.Euro softens against British Pound despite ECB hike prospects

Brent: Deal hopes reshape supply outlook – Commerzbank.Brent: Deal hopes reshape supply outlook – Commerzbank

Oil News: Crude Oil Futures Sink as Fear Premium Vanishes.Crude oil futures plunged as traders dumped supply fear trades and stripped out geopolitical risk premium tied to Iran tensions.

US Futures Gap Up on US-Iran Peace Deal Hopes With US Dollar in Retreat.Equities: The S&P 500's eight-week rally is showing signs of potential buyer exhaustion according to several technical indicators. Even if a US-Iran peace deal is finalized, markets may still face a “sell the news” reaction as June approaches, a month historically associated with softer equity performance.

Is Iran trying to play to the optics of a deal during the past week?.One of the preconditions for a deal or framework agreement, however you want to put it, is that the US wants Iran to loosen restrictions over traffic through the Strait of Hormuz. Despite US president Trump's claims that the US is in control of the strait, we all know that the truth of the situation is that Iran still holds the cards here.

Canadian Dollar gains ground amid hopes of a deal to reopen the ​Strait of Hormuz.Canadian Dollar gains ground amid hopes of a deal to reopen the ​Strait of Hormuz

Indonesia to revise state budget law but deficit ceiling not the focus, lawmaker says.Indonesia's parliament will soon start deliberating on a revision to state finance laws, but the focus will not be on changing rules on fiscal ​deficit limits, a senior lawmaker said on Monday.

Indian Rupee rallies further as RBI's Malhotra opens door for further intervention.Indian Rupee rallies further as RBI's Malhotra opens door for further intervention

Japanese Yen gains ground as oil prices decline.Japanese Yen gains ground as oil prices decline

British Pound builds on intraday gains vs weaker USD; approaches 1.3500 on Iran deal hopes.British Pound builds on intraday gains vs weaker USD; approaches 1.3500 on Iran deal hopes

It is a holiday in most of Europe but markets will be open; UK and US closed though.In the likes of Germany, France, Switzerland, and Austria, there will be a public holiday in observance of Whit Monday (general naming convention). However, the Euronext and Xetra bourses/platforms will be open for trading although the Swiss stock exchange will be closed.

Singapore Consumer Price Index (YoY) came in at 1.8 below forecasts (2) in April.Singapore Consumer Price Index (YoY) came in at 1.8 below forecasts (2) in April

AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA.AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA

White House Adviser Hassett says ending Iran war may create room for Fed rate cut.White House Adviser Hassett says ending Iran war may create room for Fed rate cut

investingLive Asia-Pacific FX news wrap: Hormuz deal hopes sink oil.Asia Pacific markets opened the week in a constructive mood, with deal optimism doing most of the work even as the diplomatic picture remained messier than the price action implied.

FX Futures Positioning: Dollar Rebound Stalls as Yen Bears Return | COT Report.Currency futures traders continued to favour the US dollar last week, although bullish momentum appears less convincing after the dollar's rebound stalled beneath key resistance levels. Meanwhile, futures positioning data showed traders aggressively rebuilding bearish exposure to the Japanese yen as confidence in a smooth BOJ tightening cycle faded.

WTI slips below $91.00 amid rising US-Iran peace hopes.WTI slips below $91.00 amid rising US-Iran peace hopes

Rupee to extend rally on US-Iran deal hopes, RBI Governor's remarks aid sentiment.The Indian rupee is set to build on its two-session rally on Monday as hopes of a deal to end the Iran war boosted risk ​appetite, while the central bank governor's remarks on the currency are expected to ‌aid sentiment as well.

Asia open: US futures gap up on US-Iran peace deal hopes with US dollar in retreat.Global markets rallied after senior U.S. officials signalled that a U.S.-Iran peace deal could be imminent, boosting U.S. equity futures and weakening the U.S. dollar. Meanwhile, collapsing U.S. consumer sentiment and rising inflation expectations intensified stagflation fears under new Federal Reserve Chair Kevin Warsh.

India central bank to do 'whatever is required' to ensure orderly forex market, governor tells Mint.India's central bank will do "whatever is required" to ensure orderly movements in the foreign ​exchange market, Reserve Bank of India (RBI) Governor ‌Sanjay Malhotra told Mint newspaper in an interview.

Swiss Franc advances as risk-on mood weakens USD.Swiss Franc advances as risk-on mood weakens USD

RBNZ Shadow Board Backs Hold at 2.25%, Three Call for Immediate Hike.A split emerged within the NZIER Monetary Shadow Board ahead of this week's Reserve Bank of New Zealand policy decision. While the majority recommended keeping the Official Cash Rate unchanged at 2.25%, several members argued that tightening should begin immediately as inflation pressures build.

EUR/JPY Price Forecast: Tests 185.00 barrier near descending channel top.EUR/JPY Price Forecast: Tests 185.00 barrier near descending channel top

ECB's Lagarde Signals Higher Inflation Forecasts, June Hike Bets Firm.ECB President Christine Lagarde opened the door wider to a June rate hike after signaling that the central bank's inflation forecasts are likely to move higher again. Lagarde said the ECB's March projection of 2.6% inflation for 2026 “will probably be revised,” noting that “the situation has evolved” since those estimates were published.

US-Iran deal optimism offers Indian rupee, bonds a breather.The Indian rupee and government bonds are likely to kick off the week on firmer footing as expectations rise that a breakthrough might be imminent in the three-month-old U.S.-Iran war after U.S. President Donald Trump said the Iran ​deal is "largely negotiated".

US Dollar Index weakens to near 99.00 on US-Iran peace deal hopes.US Dollar Index weakens to near 99.00 on US-Iran peace deal hopes

Iran Talks Drive Market Focus as USD/JPY Tests Higher.The week remained focused on the Iran situation, as negotiations reached an important stage. Some progress was reported, but major issues remained, especially around Iran's uranium enrichment program and how quickly sanctions could be eased.

British Pound gains ground above 1.3450 on US–Iran progress.British Pound gains ground above 1.3450 on US–Iran progress

Canadian Dollar edges higher vs USD; Oil slump cap gains amid Iran peace deal hopes.Canadian Dollar edges higher vs USD; Oil slump cap gains amid Iran peace deal hopes

Dollar slumps as signs of deal to reopen Hormuz spur risk appetite.The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the ​Strait of Hormuz pushed oil prices below $100 per barrel, even as ‌the Trump administration played down the chances of reaching an agreement with Iran soon.