The USD is mixed to start the new trading day with the NZD vs the USD as the biggest mover at the greenback -0.42% on the day. Meanwhile the USD is higher by 0.24% vs the JPY as buyers in the USDJPY return after the decline on Friday. The USD is lower vs the EUR (-0.13%) and higher vs the GBP (+0.10%) as the markets deal with the shifting winds of war, and it's implications. IN the video above, I take a look at the 3 major currency pairs to kickstart the North American session for the day and the trading week. The key events this week? US CPI at 8:30 AM tomorrow and Fed Chair Warsh's testimony on Capitol Hill on Tueday and Wednesday starting at 10 AM ET. Tensions between the United States and Iran escalated sharply over the weekend as the fragile ceasefire effectively collapsed and both sides returned to direct military action. Iran launched missile and drone attacks against U.S. military facilities across the region, while the U.S. responded with strikes on Iranian air-defense systems, radar sites, and naval assets. The Strait of Hormuz remains the central concern for markets, with commercial shipping activity falling as insurers and operators reassess the risks and Iran signals a greater willingness to challenge passage through the key energy corridor. Diplomatic efforts by regional mediators continue, but progress appears limited. For markets, the main focus is whether the conflict broadens further and whether oil flows through Hormuz face a more sustained disruption.US stock futures are implying a lower open with the Dow -46 pointsS&P -34 points Nasdaq -319 points. In the US debt market, yields are higehr:2 year yield up 1.8 basis points at 4.227%5 year up 1.7 basis points at 4.327%10 year yield up 1.4 basis points at 4.583%30 year yield up 1.2 basis points at 5.083%In other markets: Bitcoin is down -2.04% at $62847Crude oil is up $2.58 for 3.35% at $74 Gold is down $64 or -1.57% at $4055Silver is down $1.39 or -2.30% at $58.45 This article was written by fl932d6e52a19643278e0f123bca7198f5 at investinglive.com.