Gold (XAU/USD) extends losses on Monday to complete a more than 4% depreciation in the last two trading days.

Brown Brothers Harriman’s Elias Haddad (BBH) anticipates the European Central Bank (ECB) will end its pause with a 25 bps hike to 2.25% as core and services inflation run above forecasts.

Rabobank strategists Molly Schwartz and Jane Foley report that Canadian Dollar (CAD) net short positions have surged about 36% to their highest level since December 2025.

In the European trading session, United States (US) President Donald Trump has expressed confidence that both Israel and Iran are looking for a ceasefire, through a post on Truth Social, while maintaining the stance that the US blockade on Iranian seaports will remain intact until a final deal with

The US Dollar is rallying for the second consecutive day against the Swiss Franc (CHF) on Monday, reaching levels near 0.8000 for the first time in the last two months.

Bitcoin (BTC) remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds (ETFs) recording the fourth week of steady outflows of billions since mid-May.

United States (US) President Donald urges Iran and Israel to pause the exchange of attacks, through a post on Truth Social, during the European trading session on Monday.

ING’s Chris Turner expects the Bank of England (BoE) to avoid tightening this year, with only modest rate hikes priced by markets.

EUR/JPY trades around 184.10 on Monday at the time of writing, down 0.32% on the day, as the Japanese Yen (JPY) continues to benefit from a favorable backdrop driven by expectations of higher interest rates in Japan and renewed warnings from Japanese authorities regarding currency weakness.

Commerzbank’s Charlie Lay highlights that the Reserve Bank of India kept its policy rate at 5.25% and signalled a preference to bolster the Rupee via capital inflow measures rather than tightening.

Hyperliquid (HYPE) price is up 6% at press time on Monday, extending the 5% rebound from the previous day. The rebound aligns with HYPE's regaining retail strength in the derivatives market, offsetting the first-ever daily outflows from Exchange-Traded Funds (ETFs).

HSBC’s FX Viewpoint highlights that the US Dollar sits at a crossroads, driven by Middle East tensions, US trade policy shifts and the upcoming June Federal Open Market Committee (FOMC) under new Fed Chair Kevin Warsh.

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $67.02 per troy ounce, down 1.21% from the $67.84 it cost on Friday.

BNY’s Bob Savage notes that an European Central Bank (ECB) rate hike is widely expected, but guidance on future moves and growth risks will be crucial for EUR/USD.

Danske Research Team notes that Brent Oil has surged toward USD 96 per barrel after renewed Israel–Iran hostilities, with markets reassessing regional supply risks. They highlight that the latest air strikes have undermined hopes for a broader deal to reopen the Strait of Hormuz.

Brown Brothers Harriman’s Elias Haddad (BBH) expects the Bank of Canada to keep its policy rate at 2.25% and maintain two-way optionality, as contained inflation allows an extended pause.

EUR/CAD inches higher after registering over 0.5% losses in the previous day, trading around 1.6070 during the European hours on Monday. The currency cross gains some ground as the commodity-linked Canadian Dollar (CAD) struggles despite higher oil prices.

UOB’s Quek Ser Leang and Lee Sue Ann flag that AUD/USD posted its second-largest one‑day loss of the year, dropping toward 0.7040. Near term, the pair may test 0.7020, though a sustained break below is seen as unlikely.

The Euro (EUR) consolidates losses against the US Dollar (USD) on Monday, trading at 1.1515 at the time of writing, following a 0.75% sell-off on Friday.

Societe Generale analysts say USD/JPY has rebounded after defending a multi‑month ascending trend line around 155.50/155.00 and is now challenging the April high. Support is seen at 159.20, with projections at 161.20 and 162.

According to the Fars news agency, Iran’s Revolutionary Guards Corps (IRGC) has confirmed attacking a petrochemical site in northern Israeli city of Haifa, in retaliation for Israel’s attack on a similar plant in Iran, The Guardian reported.

The Indian Rupee (INR) is receiving a notable boost following the Reserve Bank of India's (RBI) monetary policy meeting on Friday, when policymakers unanimously decided to hold the benchmark repo rate steady at 5.25%.

Rabobank strategists Molly Schwartz and Jane Foley highlight that USD net long futures positioning has more than quadrupled, reflecting resilient support for the Dollar.

Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, improves to -13.4 in June from -16.4 in May.

Eurozone Sentix Investor Confidence: -13.4 (June) vs -16.4

Silver price (XAG/USD) extends its losses for the second successive day, trading around $67.00 per troy ounce during the European hours on Monday.

Philip Wee at DBS Group Research highlights that Kevin Warsh’s first meeting as Fed Chair will be critical for perceptions of Federal Reserve independence. Warsh must reconcile President Trump’s push for rate cuts with a more data-dependent, hawkish FOMC.