USD – Remains well supported, with the Dollar Index continuing to hold above 101.00 as investors favour the greenback amid resilient US economic data and ongoing risk-off sentiment.

EUR – Continues to trade below 1.1400, with higher oil prices and a stronger dollar weighing on the single currency as market expectations shift towards further near-term weakness.

GBP – Remains pressured alongside the euro, with sterling struggling to gain traction against a dollar supported by safe-haven demand and stronger US fundamentals.

USD: The US dollar starts the week on a firm footing, supported by a combination of resilient economic data and increased risk aversion across global markets. Societe Generale notes that while the longer-term outlook for the dollar remains debated, the risk of a further upside breakout cannot be ignored given the currency’s recent resilience. Additional support has come from rising geopolitical tensions in the Middle East, which have lifted safe-haven demand and helped push Brent crude prices higher. With the Dollar Index holding above 101.00, investor sentiment continues to favour the greenback as markets assess the impact of stronger US growth relative to other major economies.

EUR: The euro remains under pressure, consolidating below the 1.1400 level after suffering losses against the stronger dollar. Higher oil prices have added another challenge for the Eurozone economy, increasing concerns around inflation and growth prospects. According to Societe Generale, market consensus on EUR/USD has shifted lower as investors increasingly acknowledge the dollar’s resilience. The pair remains close to recent lows, with technical sentiment continuing to favour the downside unless incoming data provides support for a recovery. For now, the euro remains vulnerable to further weakness if risk-off flows continue to benefit the US dollar.

GBP: Sterling is also facing headwinds from the stronger dollar environment, although losses have been more contained than those seen in the euro. Broader market sentiment remains focused on US economic strength and geopolitical developments rather than UK-specific drivers. Rising oil prices and cautious market positioning have encouraged investors to favour the relative safety of the dollar, limiting upside potential for GBP/USD. While the pound has shown resilience in recent weeks, near-term direction is likely to remain dependent on whether the dollar’s current momentum can be sustained.