Mexico Accumulated Current Account/GDP down to -3.1% in 1Q from previous 1.55%

Mexico Current Account, $ (QoQ) dipped from previous $7702M to $-15878M in 1Q

The US Dollar (USD) kickstarts the new trading week on the back foot as investors continue to assess news that a potential US-Iran deal could be clinched anytime soon.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH has slipped toward the lower end of its recent range after trading tightly between 6.7923 and 6.8033.

Scotiabank’s Global FX Strategy team, including Shaun Osborne and Eric Theoret, notes that the Canadian Dollar is flat against the Dollar and underperforming other G10 currencies due to its differentiated risk profile.

Citing mediators, the Wall Street Journal (WSJ) reported on Monday that progress toward finalizing an agreement to end the war between the United States (US) and Iran has slowed down on Monday, citing ongoing disaggreements over Iran's nuclear program and Tehran's demand of financial relief.

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Korea (BoK) to hold its policy rate at 2.50%, but warns of a hawkish surprise aimed at curbing Korean Won (KRW) weakness.

USD/JPY consolidates on Monday after opening the week with a bearish gap as the US Dollar (USD) comes under pressure amid growing optimism that the United States (US) and Iran are moving closer toward a deal that could eventually reopen the Strait of Hormuz.

HSBC Asset Management spotlights Asia’s small-cap stocks as a strong performer over the past five years, outperforming regional large caps with lower volatility and better sector diversification.

TD Securities economists, led by Robert Both, expect the Bank of Canada to keep the overnight rate at 2.25% through 2026 before lifting it back to a 2.75% neutral level in 2027.

Ripple (XRP) is holding support at $1.35 at the time of writing on Monday, as crypto prices broadly recover amid optimism for a US-Iran ceasefire deal. XRP’s momentum, although subtle, aligns with steady demand through related investment products.

In a post published on Truth Social on Monday, United States (US) President Donald Trump noted that negotiations with the Islamic Republic of Iran are proceeding nicely.

UOB’s Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower and test 1.2760 in the near term, though a sustained break below that level is unlikely. They maintain a 1–3 week range-trading view between 1.2730 and 1.2820, with major support at 1.2730 seen as intact.

Gold (XAU/USD) rebounds sharply on Monday as hopes for a US-Iran deal to end the war in the Middle East and reopen the Strait of Hormuz weigh on the US Dollar (USD) and Oil prices. At the time of writing, XAU/USD is trading around $4,556, up 1.0% on the day.

Mexico Trade Balance s/a, $: $3.351B (April) vs $2.499B

Mexico Trade Balance, $ dipped from previous $5.932B to $4.52B in April

Cryptocurrency prices are broadly holding steady on Monday, with Bitcoin (BTC) trading above its short-term $77,000 support, Ethereum (ETH) above the $2,100 demand area and Ripple (XRP) hovering above $1.36.

DBS Group Research economist Chua Han Teng assesses Singapore’s economic outlook as resilient but increasingly tested by Middle East tensions and energy risks. The bank highlights strong 1Q26 GDP data, robust AI-driven exports, and solid services and construction activity.

Oil prices gapped lower at Monday’s opening times, accelerating the decline observed in the last half of the previous week.

The British Pound (GBP) clings to opening gains around 1.3500 against the US Dollar (USD) during the late European trading session on Monday. The GBP/USD pair trades higher as the market sentiment remains risk-on due to expectations that the United States (US) and Iran will reach a deal soon.

Brown Brothers Harriman’s (BBH) Elias Haddad expects the National Bank of Hungary (MNB) to keep its policy rate at 6.25% for a third straight meeting.

HSBC Asset Management discusses how rising global bond yields, including higher US 10-year Treasuries, are affecting global equities. The report argues that current yield moves are still consistent with an environment stocks can tolerate, as real yields remain low and profit growth is strong.

Gold (XAU/USD) is trading higher on Monday, favoured by a moderate risk appetite amid recent comments from the US and Iran hinting at progress in peace negotiations.

According to Iran's official news agency, Iranian central bank chief travels to Qatar after Qatari delegation visited Tehran regarding frozen funds.

United States (US) President Donald Trump said in a post on Truth Social during the European trading session on Monday that the deal with Iran will “either be a great and meaningful one, or there will be no deal”.

Solana (SOL) is trading below its 50-day Exponential Moving Average (EMA) at $87.35 on Monday after moving nearly flat last week. The real-world assets (RWAs) ecosystem on Solana surpassed $2.50 billion in value, reflecting growing adoption in the traditional finance market.

Bitcoin (BTC) consolidates around $77,000 at the time of writing on Monday after declining more than 6% over the past two weeks. Market sentiment remains mixed as uncertainty over key issues in a potential US-Iran peace deal persists, reducing the chances of an imminent deal.