[MARKET ANALYSIS] DXY gains following US intervention in Venezuela

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[MARKET ANALYSIS] Asia-Pac stocks shrugged off recent geopolitical developments surrounding Venezuela, and resumed last year's semiconductor-related advances

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[MARKET ANALYSIS] DXY gains following US intervention in Venezuela

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DXY: +0.3%

  • Dollar benefits alongside the mild weakness in its major peers and with some haven appeal following the US intervention in Venezuela, with President Trump stating that the US will 'run' Venezuela and 'fix oil infrastructure', while he also signalled potentially widening their focus in the region to Cuba and Colombia.

EUR/USD: -0.3%

  • Trickled lower and retreated to beneath the 1.1700 handle amid the firmer buck and with light news flow from the bloc.

GBP/USD: -0.2%

  • Price action is lacklustre with little reaction seen to comments over the weekend from UK PM Starmer that the UK should move to closer alignment with the European single market on an "issue-by-issue" basis if it is in the national interest.

USD/JPY: +0.2%

  • Edged higher and reclaimed the 157.00 handle amid a surge in Japanese stocks and despite the higher yield environment in Japan.

Antipodeans: AUD/USD Flat / NZD/USD -0.1%

  • Antipodeans struggle for direction, but with the downside cushioned amid the mostly upbeat risk appetite.

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