Sharp rally may extend further; overbought conditions suggest Euro (EUR) is unlikely to break clearly above 1.1620.

The headline German IFO Business Climate Index advanced to 88.4 in June from 87.5 in May. The data came in a tad higher than the market forecast of 88.3.

FX option expiries for Jun 24 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

Silver prices stabilized as the week began, rising 0.39%, as slight risk aversion amid heightened geopolitical tensions provided support. XAG/USD reached a daily high of $36.36 before settling at $36.14, ending three days of losses.

Hyperliquid (HYPE) has maintained a prolonged downtrend since reaching its new all-time high (ATH) of around $45.71. The Middle East tensions-triggered crash over the weekend extended HYPE’s pullback 32% below the ATH.

Pound Sterling (GBP) may retest the 1.3385 level; a sustained break below this level seems unlikely for now. In the longer run, downward momentum is beginning to build; it may take a while before 1.3335 comes into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There is a chance for EUR to test 1.1445; the major support at 1.1400 is unlikely to come under threat. In the longer run, Euro (EUR) is likely to trade in a range for now, probably between 1.1400 and 1.1570, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

FX option expiries for Jun 23 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The Euro recovers some ground against the US Dollar on Friday and is set to finish the week virtually flat as risk appetite deteriorates. This is taking place despite US President Donald Trump delaying a military intervention in the Israel–Iran conflict.

India FX Reserves, USD up to $698.95B in June 9 from previous $696.66B

The current price movements are likely part of a range trading phase between 1.1470 and 1.1540. In the longer run, Euro (EUR) is likely to trade in a range against US Dollar (USD) for now, probably between 1.1400 and 1.1570, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Euro is appreciating against the Japanese Yen for the second consecutive day on Friday, favoured by a moderately brighter market sentiment.

FX option expiries for Jun 20 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

EUR/CAD extends its winning streak for the fifth consecutive day, trading around 1.5780 during the Asian hours on Friday. Technical analysis on the daily chart indicates a strengthening bullish bias as the currency cross moves upwards within the ascending channel pattern.

USD/CHF is attempting a modest rebound from 0.8030, but remains below key resistance at 0.8350, keeping the broader downtrend intact, Société Générale's FX analysts note.

FX option expiries for Jun 19 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The USD/CHF advances for the fourth straight day after the Federal Reserve’s (Fed) decision to hold rates unchanged, though they are still eyeing two rate cuts in 2025. This, along with US President Trump's remarks that he’s open to Iran talks, boosted the Dollar.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, attracts some sellers to around 98.55 during the early European trading hours on Wednesday.

FX option expiries for Jun 18 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

Momentum indicators remain flattish; Euro (EUR) is expected to trade in a range against US Dollar (USD), likely between 1.1510 and 1.1605.

FX option expiries for Jun 17 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

The US Dollar resumed its downtrend at the beginning of the week, revisiting the area of more than three-year lows vs. its rivals as investors continued to gauge the Middle East conflict along with upcoming central banks’ interest rate decisions.

Euro (EUR) is expected to consolidate in a range of 1.1495/1.1600. EUR surged to 1.1631 last Thursday.

FX option expiries for Jun 16 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

Switzerland Producer and Import Prices (MoM) came in at -0.5% below forecasts (0.1%) in May

India FX Reserves, USD: $696.66B (June 2) vs $691.49B

Conditions are deeply overbought; any further advance is likely part of a higher range of 1.1530/1.1640. In the longer run, EUR is likely to continue to rise; the levels to watch are 1.1640 and 1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, rebounds to near 98.25, snapping the two-day losing streak during the early European session on Friday.

FX option expiries for Jun 13 NY cut at 10:00 Eastern Time vi a DTCC can be found below.

Silver price bounces off five-day lows of $35.46 and climbs past the $36.00 mark on Thursday as the Greenback gets battered, falling to nearly three-year lows. At the time of writing, the XAG/USD trades at $36.30, registering modest gains of 0.25% on Thursday, late in the North American session.