EUR/USD
The EUR/USD pair trades in negative territory for the fifth consecutive day around 1.0215 during the early Asian session on Monday. The US Dollar (USD) gathered strength on the upbeat US employment data for December, which is likely to support the US Federal Reserve’s (Fed) stance to keep interest rates steady in January.
GBP/USD
GBP/USD has come under intense selling pressure and approaches 1.2100 in the late Asian session. The pair bears the brunt of unabated US Dollar demand as risk-off flows remain in full steam amid hawkish Fed expectations and Trump’s policy uncertainty.
USD/JPY
The Japanese Yen (JPY) trades with a positive bias against its American counterpart for the third consecutive day and drags the USD/JPY pair away from a multi-month peak touched on Friday. The global risk sentiment takes a hit in the wake of growing acceptance that the Federal Reserve (Fed) will pause its rate-cutting cycle later this month. Apart from this, geopolitical risks drive some flows towards the safe-haven JPY.
AUD/USD
AUD/USD drops back to renew four-year lows below 0.6150 early Monday after a brief recovery stint. A broadly risk-averse market environment and persistent US Dollar strength overpower China’s pro-growth measures and strong Chinese December trade data.
NZD/USD
The NZD/USD pair kicks off the new week on a positive note and for now, seems to have snapped a four-day losing streak to its lowest level since October 2022 touched on Friday. Spot prices stick to modest intraday gains around the 0.5565 area and move little following the release of China’s Trade Balance data.
USD/CAD
The USD/CAD pair extends its upside to near 1.4430 during the Asian trading hours on Monday. The potential US trade tariffs drag the Canadian Dollar (CAD) lower against the Greenback. However, the optimism around a likely change in Canadian government and a rise in crude oil prices might cap the downside for CAD.
USD/CHF
The USD/CHF pair consolidates its gains registered over the past three days and oscillates in a narrow trading band, around the 0.9120 area during the Asian session on Monday.
CRUDE OIL
Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months, as wider U.S. sanctions are expected to affect Russian crude exports to top buyers China and India.
Gold price pauses its four-day uptrend, treading water below $2,700 in Asian trading on Monday. Gold buyers seem to face exhaustion following a relentless rise in the previous week.
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