At the semi-annual OPEC+ meeting, the focus is expected to be more on details rather than a change in the short-term production strategy. Oil prices are unlikely to be significantly affected by this. Peace talks remain the key focus, Commerzbank's commodity analyst Barbara Lambrecht notes.
The impact of change in political leadership has been clear in Japan with the yen notably weaker and JGB yields higher as market participants position for reflationist policies under the new leadership of Sanae Takaichi.
Upward momentum continues to increase; if Euro (EUR) closes above 1.1620, it could lead to a move toward 1.1655, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.