AUD/USD inches lower after registering modest gains in the previous day, trading around 0.6940 during European hours on Monday. The pair remains subdued as the US Dollar (USD) gains ground on rising safe-haven demand, driven primarily by deteriorating geopolitical conditions in the Middle East.
Commerzbank’s Thu Lan Nguyen argues that growing concerns over France’s public debt sustainability are now weighing on the Euro (EUR), after previously leaving the currency largely untouched despite bond market turmoil.
The cryptocurrency market is widely recovering on Friday, with Bitcoin (BTC) trading above $86,000, up from the weekly low of $82,544. The Crypto King's uptrend can be attributed to elevated investor interest, with modest capital flowing into spot Exchange-Traded Funds (ETFs).