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FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
The AUD/USD pair declines to around 0.7025 during the early Asian session on Monday. The US Dollar strengthens against the Australian Dollar amid elevated geopolitical tensions in the Middle East. China’s RatingDog Manufacturing Purchasing Managers Index report is due later on Monday. Traders will closely monitor the Reserve Bank of Australia interest rate decision on Tuesday.
USD/JPY retreats for the third consecutive day on Friday, revisiting the 157.00 region before attempting some recovery as investors continue to assess the latest BoJ meeting, where the central bank left rates unchanged, as widely anticipated.
Gold slips to fresh year-to-date lows on Friday. The metal struggles despite a risk-off mood across markets, as expectations of further Federal Reserve (Fed) interest rate hikes continue to dominate price action, leaving Gold on track to end the month in negative territory.
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
