German trade balance was released this morning, noticing a small decline month-on-month and underperforming its forecast for May.

Last week brought a significant shift in market sentiment, particularly for the US Dollar. While much of the year has been characterised by concerns around slowing growth and expectations of future rate cuts, Friday’s Non-Farm Payrolls report reminded markets that the US economy remains remarkably resilient.

Swiss Inflation has risen by 0.6% last month, compared to a year earlier. Crucially, this matched April's increase but came in below the projected 0.8% increase.

Oil prices edged down during Asian trading on Tuesday, though they managed to hold onto the majority of their gains from the previous session. This slight decline comes as markets face ongoing uncertainty regarding the status of ceasefire talks, between the US and Iran.

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Investor sentiment received a boost, following reports late Thursday that the US and Iran have drafted a framework to extend their ceasefire by 60 days.

Gold prices have hit a two-month low, as air strikes were traded between the US  and Iran in the early hours of this morning, creating further doubt that a peace deal was close. 

The USD Dollar has largely remained unmoved heading into today, as focus remained on negotiations between the United States and Iran.