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USD/INR weakens on potential US-India trade talks
The Indian Rupee (INR) gains ground on Monday. The positive developments surrounding the US-India trade deal boost sentiment, supporting the Indian currency. Additionally, the fall in crude oil prices lifts the INR as India is the world's third-largest oil consumer.
USD/CAD steadies near 1.3800, downside appears due to a weaker US Dollar
USD/CAD is holding steady around the 1.3800 level during Monday's Asian session, following a decline in the previous trading day. Upside momentum for the pair may be capped as the US Dollar (USD) faces pressure, potentially due to renewed trade tensions.
Japanese Yen remains on the front foot as geopolitical risks boost safe-haven assets
The Japanese Yen (JPY) trades with a mild positive bias against its American counterpart for the second straight day on Monday amid reviving safe-haven demand, though the uptick lacks bullish conviction.
Australian Dollar extends gains as PM Albanese secures a second three-year term
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) for a second consecutive session on Monday.
US Presi. Trump: 'At some point, I'm going to lower tariffs' on China
Speaking over the weekend on tariffs announced on Chinese imports, US President Donald Trump said that "At some point, I'm going to lower them, because otherwise, you could never do business with them, and they want to do business very much."
WTI tumbles below $56.00 as OPEC+ accelerates output hikes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Monday. The WTI price falls after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to surge production by 411,000 barrels per day in June.
EUR/USD edges lower to near 1.1300, traders await US ISM Services PMI
EUR/USD is kicking off the week on a weaker note, trading near 1.1320 during the Asian session on Monday. US President Donald Trump confirmed he would not seek to remove Federal Reserve (Fed) Chair Jerome Powell before his term ends in May 2026.
Gold Price Forecast: XAU/USD edges higher to near $3,250 as trade questions linger
The Gold price (XAU/USD) trades in positive territory near $3,245 during the early Asian session on Monday. The renewed concerns over the US recession and US-China trade relations provide some support to safe-haven assets like Gold.
GBP/USD consolidates above mid-1.3200s as traders move to the sidelines ahead of BoE this week
The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band around the 1.3260-1.3265 area, near a one-week low touched during the Asian session.
OPEC+ to further speed up oil output hikes - Reuters
The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back to the market as much as 2.2 million barrels per day by November.
US President Donald Trump to impose 100% tariff on all movies produced overseas
US President Donald Trump said late Sunday that he is authorizing the US Trade Representative and the Commerce Department to begin the process of imposing a 100% tariff on imports of foreign-produced movies.
US President Donald Trump says he won't remove Fed chair Powell before his term ends in May 2026
US President Donald Trump said on Sunday that he will not remove Jerome Powell as Federal Reserve (Fed) Board Chairman before his term ends in May 2026.
AUD/USD gains traction to near 0.6450 as Anthony Albanese wins a second term as Australian PM
The AUD/USD pair gathers strength to around 0.6450 during the Asian session on Monday.
Australia PM Anthony Albanese wins second three-year term in Federal Election 2025
Australian Prime Minister Anthony Albanese has been re-elected as the country's leader in a general election on Saturday, becoming the first in decades to secure a second term.
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