The USD Is higher vs the major currencies to kickstart the new trading day.
The biggest gains are vs the AUD (+0.64%) and the NZD (+0.49%)
The greenback is up 0.30% vs the EUR, 0.17% vs the JPY and 0.22% vs the GBP. In the video above, I talk about the technicals in play for those 3 major currency pairs to kickstart the North American session. Recall, yesterday, President Trump announced a delay in a planned U.S. military strike on Iran after requests from key Middle East allies including Qatar, Saudi Arabia, and the UAE, who pushed for more time to pursue negotiations and avoid a broader regional conflict.
The delay followed reports that Iran had submitted a response aimed at ending the conflict, although major differences reportedly remain on nuclear and security issues. Trump made clear the pause is conditional, stressing that U.S. military forces remain ready to launch a large-scale strike quickly if talks fail to produce an acceptable agreement. The shifting headlines led to volatile market reactions.