[MARKET ANALYSIS] DXY marginally softens in the absence of fresh macro catalysts and with the US-Iran MoU set to expire today

DXY: -0.1% Marginally softens in the absence of fresh macro catalysts from the US and despite the higher oil prices, while participants await key looming deadlines, including the expiry of the US-Iran MoU on Monday and US tariffs of 50% on some Canadian goods set to take effect on Wednesday. Furthermore, Fed rhetoric was quiet over the weekend, although participants will get to digest the FOMC Minutes mid-week ahead of the Jackson Hole Symposium scheduled on August 27th-29th. EUR/USD: +0.2% Languishes around a 2-month high after benefitting from last week's soft US data but remains contained beneath the 1.1600 handle amid light newsflow from the bloc. GBP/USD: +0.2% Holds on to its recent spoils after returning to the 1.3500 territory and with little reaction seen to the negative Rightmove House Price data, while several pertinent data releases are scheduled for the UK this week, including jobs and earnings data on Tuesday, inflation figures on Wednesday, and Retail Sales on Friday. USD/JPY: -0.2% Marginally trickled lower following last Friday's fluctuations and retests the 159.00 level to the downside amid a softer buck and despite the disappointing GDP data from Japan. Antipodeans: AUD/USD +0.2% / NZD/USD +0.3% Remained afloat after recent upside and are seemingly unconcerned by the looming Chinese economic data.