(Bloomberg) -- The dollar edged lower and risk-sensitive currencies including the Swedish krona and Australian dollar led gains among the Group of 10 as investors focused on the state of ceasefire negotiations between the US and Iran.
- The Bloomberg Dollar Spot Index falls 0.1%; gauge has rallied for four straight weeks through Friday, the longest run since October
- Options volumes via DTCC are running about 60% below recent averages, with many European markets, as well as Commonwealth economies, shut for holiday
- Dollar trims losses after report that Iran has rejected latest US ceasefire proposal
- President Donald Trump scheduled to give press conference later Monday, according to public schedule
- Earlier, ISM data showed the US service economy expanded in March at a slower pace as employment shrank by the most since 2023 and input prices accelerated sharply
- “Prices paid being that high does indicate that we are likely facing higher inflation, which at the very least reinforces keeping interest rates on hold, if not hiking, but CPI on Friday will be major indicator there,” said Andrew Hazlett, a foreign-exchange trader at Monex Inc
- Treasury yields mixed with 10-year little changed at 4.33%; US stocks advance at cash open
- GBP/USD up 0.4% to 1.3248; EUR/USD up 0.3% to 1.1554
- USD/JPY is little changed at 159.58
- The Bank of Japan avoided fueling market expectations over the likelihood of a rate hike this month by keeping its signaling from two quarterly regional economic reports highly nuanced
- USD/SEK down 0.8% to 9.4064; AUD/USD gains 0.4% to 0.6923
Reporting by Carter Johnson and Vassilis Karamanis
