The AUD/JPY cross loses ground near 113.65 during the early European session on Monday. Renewed tensions between the United States (US) and Iran provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Aussie.

The USD/CAD pair holds its Friday’s recovery move around 1.3700 during the late Asian trading session on Monday.

The Indian Rupee (INR) opens lower against the US Dollar (USD) at the start of the week. The USD/INR jumps to near 92.80 as renewed tensions between the United States (US) and Iran have lifted the oil prices and offered support to the US Dollar (USD).

The EUR/USD pair attracts fresh buyers near the 1.1730-1.1725 region, or a one-week-old touched during the Asian session, and fills a major part of its bearish gap on Monday.

GBP/USD pares its recent losses after opening at a gap down, still trading lower around 1.3500 during the Asian hours on Monday. The pair faced challenges as the US Dollar (USD) drew support from heightened safe-haven demand amid re-escalating United States (US)–Iran tensions.

The USD/JPY pair trades in positive territory around 159.00 during the early European session on Monday. Renewed conflict between the United States (US) and Iran, and the closure of the Strait of Hormuz weigh on the Japanese Yen (JPY) against the US Dollar (USD). 

EUR/JPY gains ground after registering nearly 0.5% losses the previous trading day, hovering around 186.80 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

The USD/CHF pair trades 0.13% higher to near 0.7830 during the Asian trading session on Monday. The Swiss Franc pair rises as the US Dollar (USD) trades higher, following Iran’s denial to attend the second round of talks with the United States (US).

The AUD/USD pair attracts some dip-buying following a bearish gap opening to the 0.7115 region on Monday and climbs back above mid-0.7100s during the Asian session.

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

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.

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.

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. 

Silver price surges over 4% on Friday, reclaims $81.00 a troy ounce as the Greenback gets battered on positive news around the Middle East conflict.

USD/JPY edges lower on Friday as the Japanese Yen (JPY) strengthens against a softer US Dollar (USD), with easing Oil prices providing additional support, given Japan’s heavy reliance on imported energy. At the time of writing, the pair is trading around 158.18, down 0.61% on the day.

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Friday, with USD/CHF on track for a second consecutive weekly decline as the Greenback remains under pressure amid improving market sentiment on hopes of a potential US-Iran deal.

GBP/USD advances during the North American session as breaking news revealed Iran’s reopening of the Strait of Hormuz following the agreement of a ceasefire in Lebanon, which pushed the British Pound to a daily high near 1.3600. At the time of writing, the pair trades at 1.3567, up 0.36%.

USD/CAD declines on Friday, trading around 1.3670 at the time of writing, down 0.26% on the day. The pair remains under pressure as the Canadian Dollar (CAD) strengthens against the US Dollar (USD) despite a sharp drop in Oil prices.

The AUD/USD surged toward the 0.7200 price region on Friday, as improving headlines out of the Middle East weigh on the US Dollar (USD) and support risk-sensitive currencies like the Australian Dollar (AUD).

Nordea’s Henrik Unell maintains a constructive stance on the Swedish Krona, arguing that carry should be secondary to growth prospects and equity flows.

The Euro (EUR) edges higher against the US Dollar (USD) on Friday as the Greenback comes under heavy selling pressure after Iran’s decision to reopen the Strait of Hormuz improved overall market sentiment and raised hopes for a potential US-Iran peace agreement.

GBP/JPY trades with a mild downside bias on Friday in relatively calm market conditions, with the Japanese Yen modestly outperforming the British Pound as growing expectations around a potential US–Iran peace agreement weigh on Oil prices.

USD/JPY falls toward 158.20 at the time of writing, down 0.61% on Friday after hitting a daily high of 159.53 earlier. The pair now faces notable selling pressure as improving geopolitical conditions in the Middle East reduce demand for safe-haven US Dollar (USD).

ING keeps a mildly bearish profile for USD/CAD into year‑end, driven mainly by expected Dollar weakness once the Federal Reserve resumes cutting in 3Q. Canada’s domestic backdrop is less supportive, with the Bank of Canada worried about upcoming USMCA talks and jobs.

The New Zealand Dollar (NZD) shows marginal losses against the US Dollar (USD) on Friday, trading around 0.5885 at the time of writing, after pulling back from monthly highs, around 0.5920 earlier this week.

The USD/CHF pair trades 0.15% lower at around 0.7825 during the European trading session on Friday. The Swiss Franc pair faces selling pressure as optimism towards a permanent ceasefire between the United States (US) and Iran has diminished the appeal of safe-haven assets.