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EUR/GBP edges lower to 0.8730; lacks follow-through amid BoE-ECB policy divergence
The EUR/GBP cross kicks off the new week on a softer note and moves further away from a nearly one-month high, around the 0.8745-0.8750 supply zone, touched on Friday.

Silver Price Forecast: XAG/USD plummets below $48 on US-China trade deal optimism
Silver price (XAG/USD) trades 1.5% lower, slightly below $48.00 during the late Asian trading session on Monday. The white metal faces selling pressure as the appeal of safe-haven assets has diminished on hopes that the United States (US) and China will reach a bilateral trade deal soon.

EUR/JPY strengthens to near 178.00, traders await German IFO Business Survey data
The EUR/JPY cross gains ground near 178.00 during the early European session on Monday. The expectation that Japan's new Prime Minister Sanae Takaichi would maintain expansionary spending policies and resist early tightening weighs on the Japanese Yen (JPY) against the Euro (EUR).

Asian stocks rally as Nikkei 225 moves above 50,000 mark on easing US-China tensions
Asian stocks start the week on a strong foot amid easing United States (US)-China trade tensions.

USD/INR opens higher despite US-India trade deal optimism
The Indian Rupee (INR) opens lower against the US Dollar (USD) at the start of the week. The USD/INR pair rises to near 88.10 even as hopes of the United States (US) and India reaching a trade deal have increased.

India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.

USD/CAD slips below 1.4000 due to Fed rate cut bets
USD/CAD depreciates after two days of little gains, trading around 1.3980 during the Asian hours on Monday.

Japanese Yen remains depressed as fiscal worries overshadow BoJ rate hike bets
The Japanese Yen (JPY) recovers slightly from an over two-week low touched against its American counterpart during the Asian session on Monday following the release of stronger domestic data.

Japan's Kihara: Important for currencies to move in stable manner reflecting fundamentals
Japanese Chief Cabinet Secretary Minoru Kihara said on Monday, it is "Important for currencies to move in a stable manner reflecting fundamentals."

Australian Dollar maintains position due to US-China trade optimism
The Australian Dollar (AUD) edges lower against the US Dollar (USD) after opening from a gap up on Monday due to optimism over progress in the United States (US)-China trade negotiations.

US Dollar Index weakens below 99.00 as soft US CPI inflation data keeps Fed on track for rate cut
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.80 during the early Asian session on Monday. The DXY softens amid the prospect of a US rate cut after moderate inflation figures on Friday.

NZD/USD gathers strength above 0.5750 on easing US-China trade tensions
The NZD/USD pair attracts some buyers to around 0.5770 during the early Asian session on Monday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on renewed optimism around US-China trade talks.

EUR/USD gains ground toward 1.1650 ahead of German IFO Business Survey data
EUR/USD remains stronger for the fourth successive session, trading around 1.1640 during the Asian hours on Monday.

PBOC sets USD/CNY reference rate at 7.0881 vs. 7.0928 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0881 compared to Friday's fix of 7.0928 and 7.1146 Reuters estimate.

GBP/USD trades with positive bias above 1.3300 amid softer USD; upside seems limited
The GBP/USD pair kicks off the new week on a slightly positive note and holds steady above the 1.3300 round figure during the Asian session, though it lacks follow-through buying.

French government faces no-confidence threat over wealth tax
France's Socialist party leader has threatened to bring down Prime Minister Sébastien Lecornu's government by Monday if their budget conditions are not met, Reuters reported on Friday.

Gold Price Forecast: XAU/USD tumbles to near $4,050 on renewed optimism around US-China trade talks
Gold price (XAU/USD) falls to around $4,065 during the early Asian session on Monday. The precious metal extends the decline as traders book profits following a prolonged record-setting rally.

ECB's Escriva: Current level of rates is appropriate
European Central Bank (ECB) Governing Council member José Luis Escrivá said that he is satisfied with current settings for borrowing costs, Bloomberg reported on Sunday.

USD/JPY gathers strength above 153.00 on potential US-China trade deal
The USD/JPY pair extends the rally to around 153.15 during the early Asian session on Monday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid improved risk sentiment as the US and China have agreed on the framework of a potential trade deal.

US and China tee up sweeping trade deal ahead of Trump-Xi meeting
Top Chinese and US economic officials on Sunday have agreed on the framework of a potential trade deal that will be discussed when US President Donald Trump and Chinese President Xi Jinping meet later this week, CNBC reported on Sunday.
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