Monday open indicative forex prices, 31 August 2026
Key Takeaways
- •Market liquidity is very thin at Monday's open and is expected to improve only as more Asian trading centres come online.
- •U.S. forces have struck two Iranian launchers near the Strait of Hormuz.
- •The Strait of Hormuz is one of the world's most important chokepoints for seaborne oil shipments, and incidents there can affect FX risk sentiment.
- •Early indicative FX quotes included EUR/USD at 1.1582, USD/JPY at 160.11, and GBP/USD at 1.3534.
As is customary on a Monday morning, market liquidity remains very thin and is expected to improve only as more Asian trading centres come online. Prices are liable to swing around, so caution is warranted. Thin opening conditions mean the early indicative quotes can diverge meaningfully from where markets settle once Tokyo and other regional hubs reach full participation.
Monday trading has already begun.
In geopolitical developments, U.S. forces have struck two Iranian launchers near the Strait of Hormuz. The Strait of Hormuz is one of the world's most important chokepoints for seaborne oil shipments, and incidents in the area have historically been watched closely by currency traders for their potential to affect risk sentiment, particularly in oil-sensitive and safe-haven pairs.
Early foreign exchange indications:
- EUR/USD: 1.1582
- USD/JPY: 160.11
- GBP/USD: 1.3534
- USD/CHF: 0.8080
- USD/CAD: 1.3909
- AUD/USD: 0.7160
- NZD/USD: 0.5916
