[MARKET ANALYSIS] DXY remains afloat but with upside capped after recent mixed data and flip-flopping regarding US-Iran talks

DXY: +0.1%

• Kept afloat following yesterday's mild gains, but with the upside limited following mixed data releases stateside and with plenty of focus on geopolitics amid reports that US-Iran talks scheduled for Friday were off, and on again.

EUR/USD: -0.1%

• Marginally softened with the single currency not helped by the weaker-than-expected EU services PMI data and softer core inflation, while participants await the ECB on Thursday.

GBP/USD: -0.1%

• Trickled lower with very few catalysts for the UK ahead of the BoE policy announcement, while Services PMI data missed estimates and reports noted that PM Starmer is to conduct a reshuffle and 'reset' in a bid to save his premiership.

USD/JPY: Flat

• Takes a breather after climbing to just shy of the 157.00 handle with yen weakness persisting throughout the week ahead of the snap elections on Sunday.

Antipodeans: AUD/USD -0.2% / NZD/USD -0.1%

• Remained lacklustre amid headwinds from the subdued risk appetite and selling pressure in the commodities complex.