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USD/CAD extends gains to near 1.3900 due to lower Oil prices
The USD/CAD pair continues its winning streak, rising for the fourth consecutive day and trading around 1.3900 during the Asian session on Monday.
Gold price remains below $2,750 level on stronger USD, elevated US bond yields
Gold price (XAU/USD) fails to capitalize on Friday's late rise back closer to the $2,750 area and opens with a modest bearish gap at the start of a new week.
WTI trades around $68.50 after dropping more than 4% amid easing geopolitical tensions
West Texas Intermediate (WTI) Oil prices fell by more than 4%, trading around $68.40 during the Asian session on Monday.
USD/INR drifts lower despite the stronger US Dollar
The Indian Rupee (INR) trades firmer on Monday despite the stronger US Dollar (USD).
Australian Dollar extends its losses amid risk-off sentiment
The Australian Dollar (AUD) continues its decline for the second straight session on Monday.
Japanese Yen slumps to three-month low after ruling coalition loses majority in election
The Japanese Yen (JPY) drops to a fresh three-month low against its American counterpart during the Asian session on Monday after Japan's longtime ruling party lost its majority for the first time in 15 years at Sunday's national election.
NZD/USD softens below 0.6000 amid expectation of slower pace of Fed rate cuts
The NZD/USD pair trades with mild losses around 0.5970 on Monday during the Asian trading hours.
EUR/USD remains below 1.0800 amid rising odds of a less dovish approach from the Fed
The EUR/USD pair holds steady around 1.0790 during Monday's Asian trading hours, following losses in the previous session.
PBOC sets USD/CNY reference rate at 7.1307 vs. 7.1090 previous
On Monday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1307, as compared to Friday's fix of 7.1090 and 7.1311 Reuters estimates.
China's Finance Minister says further stimulus policies eyed to boost economy
China's Vice Minister of Finance, Liao Min, said on Monday that China will step up countercyclical adjustments of its macropolicies to bolster economic recovery in the fourth quarter, which will lay a solid foundation for achieving the annual growth target of around 5% this year.
BoC Macklem: If population growth slows more than assumed, headline GDP will be lower
Bank of Canada (BoC) Governor Tiff Macklem said on Friday that if population growth slows faster than assumed, the headline Gross Domestic Product (GDP) will be lower.
GBP/USD remains depressed around 100-day SMA on stronger USD, holds above mid-1.2900s
The GBP/USD pair kicks off the new week on a softer note and trades around the 1.2960-1.2955 region, just below the 100-day Simple Moving Average (SMA) during the Asian session.
ECB's Knot: Central bank should keep open mind on next rate cut
The European Central Bank (ECB) Governing Council member Klaas Knot said on Saturday that the ECB should keep its options open regarding future interest rate moves, per Reuters.
Japanese ruling coalition loses majority in election
Japan's longtime ruling party has lost its majority for the first time in 15 years at Sunday's national election, prompting concerns about the world's fourth-largest economy and the uncertainty over the make-up of the next government, per Reuters.
Gold Price Forecast: XAU/USD holds below $2,750, potential downside seems limited
Gold price (XAU/USD) edges lower to near $2,735, snapping the two-day losing streak during the early Asian session on Monday.
AUD/USD remains weak near 0.6600 amid firmer US Dollar
The AUD/USD pair remains on the defensive near 0.6605 during the early Asian session on Monday.
EUR/USD ends Friday struggling to hold onto 1.08
EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 handle to round out the trading week.
NZD/USD Price Analysis: Bears push lower, 0.6000 support gone
The NZD/USD currency pair has extended its downtrend, with bears maintaining a firm grip as selling momentum builds.
NZD/JPY Price Analysis: Selling pressure emerges after bearish SMA crossover
The NZD/JPY pair has traded within a tight range recently, demonstrating a lack of clear directional momentum.
Gold holds firm near record high, boosted by tensions in Middle East, US elections
Gold price remains firm ahead of the weekend late in the North American session, up 0.18% after hitting a record high on Wednesday at $2,758.
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