EUR/USD
EUR/USD continues the winning streak, hovering below the psychological level at the 1.0950 level during the Asian session on Monday. The Euro receives upward support, which could be attributed to the weaker USD.
GBP/USD
GBP/USD trades around 1.2500 during the Asian session on Monday, attempting to extend gains for the third consecutive session. The GBP/USD pair received upward support from the hawkish tone of Bank of England’s (BoE) officials.
USD/JPY
The USD/JPY pair maintains the multi-session range-bound theme unchanged around the mid-149.00s during the early Asian session on Monday. In the absence of top-tier economic data released from the Japanese docket this week, the USD/JPY pair remains at the mercy of USD price dynamics. The pair currently trades near 149.53, gaining 0.04% for the day.
AUD/USD
The AUD/USD pair extends its upside during the early Asian session on Monday. The uptick of the pair is bolstered by the decline of the US dollar (USD) following the mixed S&P Global PMI data. The pair currently trades around 0.6583, down 0.08% on the day.
NZD/USD
The NZD/USD pair snaps the two-day winning streak during the Asian trading hours on Monday. Investors await the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday, which is likely to keep the Official Cash Rate (OCR) at 5.50%. The pair currently trades near 0.6063, down 0.38% on the day.
USD/CAD
The NZD/USD pair snaps the two-day winning streak during the Asian trading hours on Monday. Investors await the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday, which is likely to keep the Official Cash Rate (OCR) at 5.50%. The pair currently trades near 0.6063, down 0.38% on the day.
USD/CHF
The USD/CHF tracked lower on Friday as broader markets saw an uptick in risk appetite to close out the trading week, bringing the US Dollar (USD) down into familiar lows against the Swiss Franc (CHF) with the 0.8800 handle in full view.
CRUDE OIL
Oil prices fell in Asian trade on Monday as markets remained uncertain over more production cuts by the OPEC+ after a delay in a meeting this week, while anticipation of a string of key economic readings also kept traders on edge.
Gold price is off the six-month high reached at $2,018 early Asia on Monday, consolidating well above the $2,000 mark amid a cautious start to a critical week ahead, dominated by the inflation data from the United States (US) and the Eurozone.
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