The US dollar shows varied strength against major currencies, with the AUD leading gains and NZD under pressure amid modest trading ranges.
The US dollar presents a mixed picture in early North American trading, advancing against the EUR, GBP, CHF, CAD, and NZD while retreating versus the JPY and AUD. The NZDUSD fell 0.35%, and USDCHF rose 0.34%, reflecting the dollar’s strongest moves. The AUDUSD gained 0.29%, making the AUD the top performer among majors.
Trading ranges remained tight, with EURUSD moving 16 pips, USDJPY 37 pips, and GBPUSD 35 pips. Broader market focus includes Middle East developments, where reports of a temporary shipping corridor through the Strait of Hormuz eased immediate escalation risks, though no US-Iran peace deal is in sight.
US equity futures showed mixed pre-market signals, with the Dow up 19 points, while the S&P and Nasdaq dipped 6.25 and 68 points, respectively. Nvidia’s upcoming fiscal Q2 earnings report remains a key catalyst for tech sentiment.