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AUD/USD extends downside below 0.6500 amid geopolitical risks
The AUD/USD pair weakens to 0.6485 during the early Asian session on Monday. Escalating geopolitical tensions in the Middle East following an Israeli attack on Iran provide some support to the US Dollar. Later on Monday, investors brace for the release of China’s May Retail Sales and Industrial Production for fresh impetus.
EUR/USD: Trump and Fed’s arm wrestling overshadowed by geopolitical woes
EUR/USD peaked at 1.1631 in the second week of June, shedding roughly 100 pips on Friday to settle at around 1.1540. The news feed was packed with trade war and geopolitical headlines that shaped the market’s sentiment.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold: Safe-haven flows lift precious metal to near all-time highs
Gold turned north and climbed to its highest level since early May above $3,400. The Federal Reserve’s monetary policy announcements and developments surrounding the Israel-Iran conflict could continue to impact XAU/USD’s performance in the near term.
Week ahead: Markets brace for central bank barrage amid heightened uncertainty
Fed officials to stand pat as they await further clarity. A dovish BoJ could push rate hike expectations into 2026. Deflation fuels speculation about negative SNB rates. BoE may sound more dovish after disappointing UK data.
Ripple risks extending losses despite Ripple-SEC motion to release escrowed $125 million
XRP comes under immense pressure, falling toward $2.09 as Israel and Iran escalate conflict. Ripple and the SEC file a joint motion requesting the release of $125 million held in escrow.