The US dollar and crude oil prices are firmer at the start of the week as geopolitical tensions rise following the rejection of a peace proposal for Iran. Major FX pairs like the EUR, GBP, and JPY are trading softly, while the CAD holds steady despite weak domestic jobs data.
Key Takeaways
- 1.The USD is firmer as risk appetite remains fragile following President Trump's rejection of Iran's peace proposal response.
- 2.The Chinese Yuan (CNY) has reached a new 3-year high against the USD, edging under 6.80.
- 3.CAD is holding steady despite soft April employment data, supported by strong wage growth (4.8%) keeping BoC tightening expectations intact.
Table of Contents
- Overview
- USD, Crude Firmer as Iran Peace Offer Rejected
- USDCAD
- USDCAD short-term technicals
- EURUSD
- EURUSD short-term technicals
- GBPUSD
- GBPUSD short-term technicals
- USDJPY
- TODAY'S CALENDAR
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Shaun OsborneEric Theoret
Securities
USDCADEURUSDGBPUSDUSDJPYDXYVIX
Themes
Geopolitical ImpasseCentral Bank Leadership Transition
Regions
North AmericaEuropeUKUnited StatesCanadaChina