Silver price (XAG/USD) pares its daily losses, trading around $80.50 per troy ounce during the Asian hours on Monday.

Iran’s Foreign Ministry spokesman Esmail Baghaei said the US blockade of Iran’s ports and coastline is an act of aggression that violates the ceasefire, the Guardian reported on Monday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.70 during the Asian trading hours on Monday. The WTI price rises on renewed tensions between the United States (US) and Iran in the Strait of Hormuz.

The USD/CAD pair attracts some dip-buyers following a modest bearish gap opening on Monday and retakes the 1.3700 mark during the Asian session.

NZD/USD pares its daily losses, trading around 0.5880 during the Asian hours on Monday.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8648 compared to last Friday's fix of 6.8622 and 6.8291 Reuters estimate.

The GBP/USD pair opens with a bearish gap at the start of a new week and moves further away from a two-month high, around the 1.3600 mark, touched on Friday.

EUR/USD edges higher after opening at a gap down, still remaining in the negative territory and trading around 1.1760 during the Asian hours on Monday.

China PBoC Interest Rate Decision in line with expectations (3%)

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Iran's military said that United States (US) violated the ceasefire by firing at one of Iran's commercial ships, and the country will soon respond and retaliate against this maritime and armed robbery by the US military.

The USD/JPY pair holds positive ground near 159.10 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) amid renewed tensions between the US and Iran during more than seven weeks of war in the Middle East.

Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.

United Kingdom Rightmove House Price Index (YoY): -0.9% (April) vs previous -0.2%

United Kingdom Rightmove House Price Index (MoM) unchanged at 0.8% in April

New Zealand Trade Balance NZD (YoY): $-3.1B (March) vs previous $-3B

New Zealand Trade Balance NZD (MoM) up to $698M in March from previous $-257M

New Zealand Imports: $7.25B (March) vs $6.89B

New Zealand Exports rose from previous $6.63B to $7.94B in March

The AUD/USD pair attracts some sellers to near 0.7140 during the early Asian session on Monday. Escalating tensions between the US and Iran continue to weigh on the Australian Dollar (AUD) against the US Dollar (USD). The US March Retail Sales report will be in the spotlight later on Tuesday. 

The Iranian state TV reported on Sunday that the country rejected new peace talks with the United States, following US President Donald Trump's post on Truth Social, indicating US representatives were heading to Pakistan for another round of negotiations on Monday.

United States (US) President Donald Trump just confirmed on Truth Social that US representatives are going to Islamabad, where negotiations with Iran will take place on Monday.

US Representative Sheri Biggs disclosed a personal investment in Bitcoin exchange-traded funds (ETFs) on Friday, according to a Periodic Transaction Report filing.

USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend.

US President Donald Trump said he can trust Iranians, according to an interview with ABC News. Trump added that talks will take place only in Islamabad and resume over the weekend.

Ethereum (ETH) surged above $2,400 on Friday, driven by positive developments in the US-Iran ceasefire negotiations. Iran announced that it has opened the Strait of Hormuz after President Trump confirmed that the US would prohibit Israel from attacking Lebanon.

DBS Group Research expects Singapore’s March 2026 core and headline inflation to rise to 1.6% and 1.8% year-on-year, from 1.4% and 1.2% in February. The report links this to imported energy price pressures after the Middle East conflict.