Greenland rhetoric and thin liquidity shape Monday FX start

1 min read
Source: investingLive
Greenland rhetoric and thin liquidity shape Monday FX start
Photo: investingLive
TL;DR Summary

Markets opened with thin liquidity as Asia comes online, keeping major FX pairs near Friday levels (EUR/USD ~1.1635, USD/JPY ~158.09, GBP/USD ~1.3398) and inviting potential intraday swings. Geopolitics figure prominently, with Europe pushing NATO Arctic presence to counter Trump-era Greenland rhetoric, a development that could lift safe-haven demand and FX volatility if tensions persist. Separately, Trump’s proposal for a 10% credit-card APR cap adds a policy tail-risk backdrop. Traders will monitor a busy week of US and UK data (CPI, Retail Sales, GDP), energy/defence news, and electoral considerations for directional cues.)

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