Written by FXStreet
Reviewed by FXStreet
Written by FXStreet
WTI falls to near $62.50 due to potential Iranian crude, OPEC+ production increaseWest Texas Intermediate (WTI) Oil price is trading lower at around $62.70 per barrel during the European hours on Monday. Crude Oil prices continue to decline as progress in US-Iran nuclear talks raises the prospect of Iranian crude re-entering the market.
West Texas Intermediate (WTI) Oil price is trading lower at around $62.70 per barrel during the European hours on Monday. Crude Oil prices continue to decline as progress in US-Iran nuclear talks raises the prospect of Iranian crude re-entering the market.
The USD/CAD pair gains ground for the second successive day, trading around 1.3890 during the European session on Monday.
Major currency pairs trade in relatively tight ranges early Monday, following the previous week's highly volatile action.
USD/CHF softens below 0.8300 amid US trade confusionThe USD/CHF pair attracts some sellers to near 0.8270 during the early European session on Monday. Trade-related uncertainties between the US and China and persistent geopolitical risks boost the safe-haven demand, benefiting the Swiss Franc (CHF).
The USD/CHF pair attracts some sellers to near 0.8270 during the early European session on Monday. Trade-related uncertainties between the US and China and persistent geopolitical risks boost the safe-haven demand, benefiting the Swiss Franc (CHF).
Gold price (XAU/USD) attracts fresh sellers at the start of a new week and drops to the $3,268-3,267 area, back closer to Friday's swing low, during the Asian session.