The offshore yuan edged higher to around 6.82 per dollar on Monday, remaining near its strongest level since February 2023, as robust economic data lent support to the currency. China’s industrial profits soared 15.5% year-on-year in Q1 2026, accelerating from 15.2% in the January–February period. The expansion highlights the resilience of the country’s industrial base, even as tensions in the Middle East continue to weigh on the global outlook.
In a related development, Iran has reportedly presented to the US with a new proposal aimed at reopening the Strait of Hormuz and de-escalating the conflict. While geopolitical uncertainty persists, domestic producer prices are showing early signs of recovery after more than three years of deflation, helping to ease pressure on industrial firms that have been grappling with rising input costs linked to the conflict. China’s industrial sector remains central to its post-pandemic recovery, supported by resilient exports.
EUR/JPY may explore the region around the all-time high of 187.95.
The 14-day Relative Strength Index near 60 signals positive momentum without extreme conditions.
The immediate support lies at the nine-day EMA of 186.75.
EUR/JPY inches lower after registering modest gains in the previous day, trading around 186.70 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is positioned within the ascending channel, signaling an ongoing bullish bias.
The EUR/JPY cross holds a bullish near-term bias as it consolidates above both the nine-day and 50-day Exponential Moving Averages (EMAs), respectively. The currency cross is hovering just under the recent highs, with the 14-day Relative Strength Index (RSI) around 60, suggesting positive but not extreme momentum that keeps the door open for another push higher while dips remain contained.
The EUR/JPY cross may advance toward the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.70.
On the downside, the immediate support lies at the nine-day EMA of 186.75, aligned with the lower boundary of the ascending channel around 186.60. A sustained break below the channel would put downward pressure on the EUR/JPY cross to test the 50-day EMA at 184.94.
EUR/JPY: Daily Chart
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.06%
-0.07%
-0.10%
-0.03%
-0.30%
-0.17%
-0.02%
EUR
0.06%
0.02%
-0.04%
0.03%
-0.22%
-0.09%
0.04%
GBP
0.07%
-0.02%
-0.04%
0.02%
-0.22%
-0.09%
0.04%
JPY
0.10%
0.04%
0.04%
0.08%
-0.20%
-0.09%
0.11%
CAD
0.03%
-0.03%
-0.02%
-0.08%
-0.27%
-0.16%
0.01%
AUD
0.30%
0.22%
0.22%
0.20%
0.27%
0.14%
0.28%
NZD
0.17%
0.09%
0.09%
0.09%
0.16%
-0.14%
0.15%
CHF
0.02%
-0.04%
-0.04%
-0.11%
-0.01%
-0.28%
-0.15%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
GBP/USD remains in the negative territory due to stalled US–Iran peace talks.
US–Iran peace talks stalled after Trump canceled a Pakistan delegation for potential negotiations.
USD strengthens on safe-haven demand as Israel-Hezbollah clashes intensify despite a US-brokered ceasefire extension.
GBP/USD remains in the negative territory after trimming daily losses, trading around 1.3520 during the Asian hours on Monday. The pair faced pressure as the risk-sensitive Pound Sterling (GBP) weakened amid stalled US–Iran peace talks.
US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran, Bloomberg reported on Sunday. “If they want to talk, they can come to us, or they can call us. You know, there is a telephone. We have nice, secure lines,” said Trump.
Trump on Saturday told Jared Kushner and Steve Witkoff to skip the trip to Pakistan, which is mediating talks, saying that Iran “offered a lot, but not enough. Iranian President Masoud Pezeshkian stated that his nation won’t enter “imposed negotiations under threats or blockade.”
CNN reported that President Trump was swiftly escorted off the stage by Secret Service after possible shots were fired at the White House Correspondents’ Dinner in Washington, DC, on Saturday. Vice President JD Vance and several members of Trump’s Cabinet, who were also in attendance, were also rushed out.
The US Dollar (USD) strengthened against major peers on safe-haven demand as the ceasefire comes under strain, with Israel and Hezbollah escalating attacks despite a US-brokered extension meant to halt fighting for three weeks.
USD/JPY flat lines around 159.50 in Monday’s early Asian session.
Markets expect the BoJ to leave interest rates unchanged on Tuesday.
The FOMC is anticipated to maintain the federal funds rate between 3.50% and 3.75% at its April meeting on Wednesday.
The USD/JPY pair trades on a flat note near 159.50 during the early Asian session on Monday. Traders prefer to wait on the sidelines ahead of the key interest rate decisions from both the Bank of Japan (BoJ) and the US Federal Reserve (Fed).
Markets anticipate the Japanese central bank keeping interest rates steady at 0.75% on Tuesday. While a “hawkish hold” is possible, officials are balancing rising energy-driven inflation against economic uncertainty caused by ongoing conflicts in the Middle East.
Meanwhile, intervention fears could provide some support to the JPY and act as a headwind for the pair. Japanese authorities, including Finance Minister Satsuki Katayama, highlighted a “high sense of urgency” regarding speculative and weak-JPY moves driven by Middle East tensions.
The Federal Open Market Committee (FOMC) is expected to maintain the benchmark federal funds rate in the 3.50% to 3.75% range, marking the third consecutive meeting without a change. This meeting may be the final one for Jerome Powell, whose successor, Kevin Warsh, is nearing confirmation.
Traders will take more cues from the press conference on how policymakers are interpreting the impact of higher energy costs and whether this alters their longer-term outlook on interest rates. Any hawkish remarks from the Federal Reserve (Fed) policymakers could lift the Greenback against the Japanese Yen (JPY).
NZD/USD turns positive for the second straight day on Monday amid a modest USD downtick.
Stalled US-Iran peace talks, Hormuz risks, and hawkish Fed bets could limit further USD losses.
Traders might also opt to move to the sidelines ahead of the FOMC policy meeting this week.
The NZD/USD pair attracts some dip-buyers at the start of a new week and builds on Friday’s bounce from the 200-day Simple Moving Average (SMA) support near the 0.5840 area. Spot prices climb back closer to the 0.5900 mark during the Asian session amid a modest US Dollar (USD) downtick, though the upside seems capped on the back of geopolitical uncertainties.
A generally positive tone around the equity markets is seen undermining the safe-haven Greenback and turning out to be a key factor offering some support to the NZD/USD pair for the second consecutive day. Any meaningful USD depreciation, however, seems elusive in the wake of stalled US-Iran peace talks. In fact, US President Donald Trump cancelled envoys Steve Witkoff and Jared Kushner’s trip to Pakistan aimed at advancing Iran war negotiations.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu said he has ordered the military to vigorously attack Hezbollah targets in Lebanon. This comes on top of the US-Iran standoff over the Strait of Hormuz and continued supply disruption through the Strait of Hormuz, which revives inflationary concerns and hawkish US Federal Reserve (Fed) expectations. This, in turn, should limit deeper USD losses and keep a lid on further gains for the NZD/USD pair.
Traders might also opt to wait for the outcome of a two-day FOMC meeting on Wednesday, which will influence the USD price dynamics and provide a fresh impetus. In the meantime, bets that the Reserve Bank of New Zealand (RBNZ) may maintain a cautious policy stance or consider tightening to bring inflation back to the 2% midpoint amid persistent sticky inflation might hold back bearish traders from placing aggressive bets around the NZD/USD pair.
Israel-Hezbollah clashes intensify despite a US-brokered ceasefire extension.
USD/CAD remains subdued for the second successive day, trading around 1.3660 during the Asian hours on Monday. The pair loses ground as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices, given Canada’s status as the largest crude exporter to the United States (US).
West Texas Intermediate (WTI) oil price receives support after registering 2.4% losses in the previous day, trading around $94.00 per barrel at the time of writing. Crude oil prices advance on rising supply concerns amid stalled US–Iran peace talks. US President Donald Trump called off that delegation to Pakistan to potentially discuss directly with Iran.
President Trump on Saturday told Jared Kushner and Steve Witkoff to skip the trip to Pakistan, which is mediating talks, saying that Iran “offered a lot, but not enough. Iranian President Masoud Pezeshkian stated that his nation won’t enter “imposed negotiations under threats or blockade.”
Meanwhile, traffic through the strategic waterway remains largely restricted due to Iran’s controls and the US naval blockade, heightening fears of prolonged disruptions and providing further support to crude oil prices.
The USD/CAD pair is also subdued as the US Dollar (USD) extends its losses for the second successive day despite increased safe-haven demand as the ceasefire comes under strain, with Israel and Hezbollah escalating attacks despite a US-brokered extension meant to halt fighting for three weeks.
AUD/USD attracts some dip-buyers on Monday amid a modest US Dollar weakness.
The RBA’s hawkish stance counters US-Iran tensions and offers support to the Aussie.
The technical setup favors bulls as the market focus shifts to the key FOMC meeting.
The AUD/USD pair turns positive for the second consecutive day following a modest dip on Monday and climbs to a three-day high, around the 0.7170 region during the Asian session. Spot prices, however, remain confined within a familiar range that has been held over the past two weeks or so, warranting some caution for bullish traders.
Despite stalled US-Iran peace talks and a standoff over the Strait of Hormuz, the US Dollar (USD) struggles to lure buyers and remains on the defensive as bulls seem reluctant ahead of the crucial FOMC meeting this week. Moreover, a generally positive risk tone is seen undermining the Greenback’s safe-haven demand and acting as a tailwind for the AUD/USD pair amid the Reserve Bank of Australia’s (RBA) hawkish stance.
From a technical perspective, the recent range-bound price action might be categorized as a bullish consolidation phase against the backdrop of a rally from the 100-day Simple Moving Average (SMA), touched in March. Furthermore, positive momentum studies maintain a constructive outlook for the AUD/USD pair, suggesting that the path of least resistance remains to the upside and backing the case for an eventual bullish breakout.
The Relative Strength Index (RSI) holds above 60 without yet signaling overbought conditions and points to sustained upside pressure. Also, the Moving Average Convergence Divergence (MACD) histogram remains in a positive zone, indicating that the recent advance is broadly backed by upward momentum. However, a move above the 0.7185-0.7190 area, or the trading range hurdle, is needed to reaffirm the constructive outlook.
On the flip side, any corrective pullback could be seen as a buying opportunity and continue to find decent support ahead of the 0.7100 mark. A convincing break below the said handle, along with any loss of momentum in the indicators, would warn of a corrective phase within the broader bullish structure.
(The technical analysis of this story was written with the help of an AI tool.)
EUR/USD turns positive around 1.1730 as the US Dollar gives back early gains.
Iran prepares to reopen the Hormuz if the US lifts the blockade on Iranian sea ports.
Investors await the Fed-ECB monetary policy announcements.
The EUR/USD pair claws back its early losses and turns positive around 1.1730 during the Asian trading session on Monday. The major currency pair gains as the US Dollar (USD) turns upside down.
During the press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.06% lower to near 98.45. The USD Index opened significantly higher around 99.35 as the United States (US) canceled a visit to Islamabad for another round of peace talks with Iran, despite Iran’s foreign minister Seyed Abbas Araghchi visiting Pakistan to resume talks.
Meanwhile, Iran has offered a new proposal to the US to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations, according to Axios, Bloomberg reported. The report shows that nuclear talks would come later, only after a US blockade of the Strait of Hormuz were lifted. This indicated Iran’s readiness to end the almost two-month-long conflicts in the Middle East.
This week, investors brace for high volatility in the major currency pair as both the Federal Reserve (Fed) and the European Central Bank (ECB) are scheduled to announce monetary policies on Wednesday and Thursday, respectively.
EUR/USD technical analysis
EUR/USD trades marginally higher at around 1.1730 as of writing. The pair holds a constructive near-term bias as it trades above the 20-day exponential moving average (EMA) at 1.1696, suggesting buyers retain control after reclaiming this dynamic support.
The Relative Strength Index (RSI) at 54.9 sits moderately above the 50 line, hinting at firm but not overstretched bullish momentum as price pushes deeper into the upper half of the recent Fibonacci retracement grid.
On the topside, immediate resistance emerges at the 50.0% Fibonacci retracement at 1.1749; a sustained break higher would expose the 61.8% retracement at 1.1828, followed by 1.1941 and the cycle high region near 1.2085. On the downside, initial support is provided by the 20-day EMA at 1.1696, with additional protection at the 38.2% Fibonacci level at 1.1670; a deeper pullback would bring the 23.6% retracement at 1.1572 into view ahead of the structural floor around 1.1413.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
