The Indian Rupee (INR) holds onto weekly losses against the US Dollar (USD) at open on Monday.

Japan Coincident Index remains at 116.3 in February

Japan Leading Economic Index above forecasts (112.4) in February: Actual (113.3)

Singapore Industrial Production (YoY) climbed from previous -0.1% to 10.1% in March

Singapore Industrial Production (MoM) up to 4.7% in March from previous -7.2%

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.45 during the Asian trading hours on Monday. The DXY edges lower after reports that Iran offered the US a proposal for reopening the Strait of Hormuz. 

US President Donald Trump was swiftly escorted off the stage by Secret Service after possible shots were fired at the White House Correspondents’ Dinner in Washington, DC, on Saturday, CNN reported.

US President Donald Trump said an Iran war will end soon and the US will be victorious, FOX News reported on Sunday. His remarks came as Trump called off that delegation to Pakistan to potentially discuss directly with Iran.

Efforts to resume peace talks over the Iran war stalled after US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran, Bloomberg reported on Sunday. The Islamic Republic said it won’t negotiate so long as it’s being threatened.

OCBC strategists Sim Moh Siong and Christopher Wong flag slight upside risks for USD/SGD as the Hormuz standoff weighs on risk appetite and imported cost pressures.

Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations.

OCBC strategists Sim Moh Siong and Christopher Wong describe a technical rebound in USD/TWD driven by broader US Dollar (USD) strength and risk aversion linked to the US‑Iran ceasefire stalemate.

DBS Group Research economist Samuel Tse analyses recent steepening in Chinese Yuan (CNY) rates, linking it to a ceasefire between the United States (US) and Iran and stronger-than-expected Q1 growth in China.

OCBC strategists Sim Moh Siong and Christopher Wong note the central bank of Philippines Bangko Sentral ng Pilipinas' (BSP) 25bp hike to 4.5% and guidance that further increases are possible as inflation forecasts are revised higher and second-round effects emerge.

TD Securities strategists, including Andrew Kelvin and colleagues, expect the Bank of Canada to keep the Overnight Rate at 2.25% through the April meeting and likely for the rest of 2026.

United States CFTC Oil NC Net Positions fell from previous 206.5K to 192.3K

Eurozone CFTC EUR NC Net Positions: €41.3K vs €26K

Japan CFTC JPY NC Net Positions down to ¥-94.5K from previous ¥-83.2K

United Kingdom CFTC GBP NC Net Positions rose from previous £-54.7K to £-52K

United States CFTC Gold NC Net Positions: $164K vs $162.5K

United States CFTC S&P 500 NC Net Positions climbed from previous $-115.8K to $-110.1K

Australia CFTC AUD NC Net Positions: $64.8K vs previous $65.1K

Rabobank’s Senior Macro Strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to leave Bank Rate at 3.75% at the April meeting, maintaining its vigilant stance.

Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the sharp fall in the Ifo Business Climate Index underlines how severely the energy price shock is weighing on the German economy.

Iran's Foreign Minister Abbas Araghchi landed in Islamabad on Friday evening to open the long-delayed second round of talks with the US, and special envoy Steve Witkoff and senior adviser Jared Kushner are due in on Saturday morning.

Standard Chartered economists Dan Pan and Steve Englander assess the impact of the United States (US) Supreme Court’s IEEPA ruling on US tariff revenue. They note that tariff income has fallen but remains well above pre-Liberation Day levels.

TD Securities analysts expect a broadly neutral near-term impact on the Canadian Dollar (CAD) from a more balanced Bank of Canada (BoC) tone.

Nomura’s George Buckley and team expect the Bank of England (BoE) to leave Bank Rate unchanged at 3.75% next week, with a likely 8-1 vote and Huw Pill as the sole hawk.

TD Securities strategists expect the Bank of Canada’s (BoC) April Monetary Policy Report (MPR) to embed significantly higher Oil assumptions, with Brent at USD 90 and West Texas Intermediate (WTI) at USD 85, versus a prior USD 55 WTI baseline.

Commerzbank's Dr. Jörg Krämer and Bernd Weidensteiner expect the European Central Bank (ECB) to leave rates unchanged next week but still project a June hike if the Strait of Hormuz remains blocked and inflation risks persist.