Breaking: UK PM Starmer resigns, says nominations will open July 9

United Kingdom (UK) Prime Minister Keir Starmer announces his resignation and says that nominations for new contender will open on July 9.

Australian Dollar: Downward bias toward 0.6980 versus US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a negative stance on AUD/USD after a period of quiet price action around 0.7020.
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Australian Dollar strengthens against Japanese Yen due to carry-trades

AUD/JPY holds gains after experiencing volatility, trading around 113.10 during the European hours on Monday. The currency cross remains heavily bid as the Japanese Yen (JPY) continues to lose ground to widespread carry-trade activity.
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