Market participants are on edge as tensions escalate in the Middle East, with Iran and Israel engaging in missile strikes. The Federal Reserve Bank of New York will release the Empire State Manufacturing Survey for June later today. Additionally, the US Treasury is set to conduct a 20-year note auction during the American session.

US Dollar Price Movement This Month:

The US Dollar has seen fluctuations against major currencies this month, with the strongest performance against the Japanese Yen. Here is the percentage change of the USD against other major currencies:

• EUR: -1.83%
• GBP: -0.72%
• JPY: 0.00%
• CAD: -1.69%
• AUD: -1.04%
• NZD: -1.19%
• CHF: -1.34%

The ongoing conflict between Israel and Iran has been escalating, with casualties reported on both sides. President Donald Trump has called for peace negotiations between the two countries. Meanwhile, the USD Index is trading slightly lower at around 98.00, while US stock index futures remain positive. The Federal Reserve is expected to announce its interest rate decision and release the Summary of Economic Projections on Wednesday.

Gold prices started the week on a positive note, reaching a two-month high above $3,450 before retracing. Crude oil prices surged last week, with WTI rising over 10%. However, WTI is currently trading around $71.00, down about 2% for the day.

EUR/USD is inching higher towards 1.1600, while AUD/USD remains above 0.6500 following positive Retail Sales data from China. GBP/USD is holding steady near 1.3600 after ending the previous week higher. USD/JPY is trading above 144.00 and awaits the Bank of Japan's monetary policy decision on Tuesday.