The only real mover so far on the day is the Australian dollar, being dragged down slightly amid RBA governor Bullock’s press conference – which is still ongoing. She’s making it clear that the central bank has room to wait now before taking the next step, and that is seeing hawkish expectations ease slightly. In turn, AUD/USD is now down 0.4% to 0.7136 on the day.

As for trading sentiment among major currencies in general, it all continues to ride on the risk mood. In that lieu, US-Iran developments remain the key risk factor. So, headline risks remain paramount at this stage.

It’s been a big mess to start the new week with a lot of he said, she said on what is happening in the Strait of Hormuz and with regards to missiles and drone strikes. However, the fact of the matte remains that the US and Iran are still far apart from reaching a resolution. As such, the war continues to drag on and global energy supply continues to tighten further.

So, that’s keeping the dollar in a steadier spot and will be a driving factor in the background as we look to the session ahead.

For more information on how to use this data, you may refer to this post here.