There aren’t any major expiries to take note of on the day, with the full list seen below.
With European markets closed in observance of Labor Day, traders will be left to their own devices for the most part in the session ahead.
As things stand, headline risks remain paramount with the US-Iran conflict continuing to drag on for longer. So, that will be what drives the broader market mood ahead of the weekend. If there are any major headlines, those will be the bigger driver of price action for the dollar and major currencies before we break for the week.
The dollar was softer yesterday as stocks jumped higher. And that all came despite no official commentary about any progress in US-Iran talks. As things stand, the Strait of Hormuz remains closed and the conflict continues to drag on to disrupt global energy supply.
The question for the day ahead is how much of yesterday’s action in markets is tied to month-end shenanigans? The yen surge on intervention arguably also weighed on the dollar but is there more to it? It’s not the most ideal to start the new month on a Friday (and a holiday at that), so that will keep things a bit trickier to navigate ahead of the weekend.
For more information on how to use this data, you may refer to this post here.
