EUR/USD
The EUR/USD pair attracts some dip-buyers at the start of a new week and climbs back closer to mid-1.1300s during the Asian session amid a broadly weaker US Dollar.
GBP/USD
The GBP/USD pair gains traction to around 1.3290 during the early European session on Monday. The US Dollar softens against the Pound Sterling amid heightened economic uncertainty in the wake of US President Donald Trump’s erratic trade policies.
USD/JPY
The Japanese Yen (JPY) retains its positive bias for the second straight day, which, along with the emergence of fresh US Dollar (USD) selling, drags the USD/JPY pair to the 144.00 mark during the Asian session on Monday. Against the backdrop of the uncertainty surrounding US President Donald Trump’s tariffs, renewed geopolitical risks overshadow signs of easing US-China trade tensions and benefit the safe-haven JPY.
AUD/USD
The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) for a second consecutive session on Monday. The AUD/USD pair is rising after Australian Prime Minister Anthony Albanese secured a second three-year term in the 2025 Federal Election, achieving significant gains in Saturday’s results.
NZD/USD
The NZD/USD pair continues to climb for the second straight session, trading near 0.5970 during Monday’s Asian hours. The Kiwi pair gains momentum as the US Dollar (USD) weakens, with traders closely monitoring developments in US-China trade relations.
USD/CAD
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. President Donald Trump announced plans to instruct the US Trade Representative and Commerce Department to initiate a 100% tariff on foreign-made films.
USD/CHF
The USD/CHF pair struggles to capitalize on Friday’s upbeat US jobs data-inspired bounce from the 0.8200 neighborhood and attracts fresh sellers at the start of a new week. Spot prices, however, remain confined in a familiar range held over the past two weeks or so and currently trade around the 0.8235-0.8230 region, down nearly 0.50% for the day.
CRUDE OIL
Oil prices fell more than $2 a barrel in Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook.
Gold price regains positive traction on Monday as geopolitical risks revive safe-haven demand. The USD remains depressed below a multi-week high and further benefits the precious metal. The market focus now shifts to the crucial two-day FOMC policy meeting starting on Tuesday.
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