EUR/USD
EUR/USD rebounds from previous session losses, trading near 1.1190 during Monday’s Asian session. The pair gains strength as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating by one notch—from Aaa to Aa1—citing rising debt levels and growing interest payment burdens.
GBP/USD
The GBP/USD pair recovered from prior session losses, trading near the 1.3300 level during Asian session on Monday. The rebound is largely driven by renewed pressure on the US Dollar (USD) after Moody’s Investors Service downgraded the US credit rating by one notch, from Aaa to Aa1. The agency cited escalating debt levels and a growing burden from interest payments as primary concerns.
USD/JPY
The USD/JPY pair attracts fresh sellers on Monday and drops to over a one-week trough, around the 144.80 area during the Asian session. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside and supports prospects for an extension of the recent retracement slide from a nearly six-week high touched last Monday.
AUD/USD
The AUD/USD pair kicks off the new week on a subdued note and consolidates just above the 0.6400 round-figure mark during the Asian session. Moreover, spot prices remain confined in a familiar range held over the past month or so as traders await a fresh catalyst before positioning for the next leg of a directional move.
NZD/USD
NZD/USD is trading slightly higher near 0.5890 during early Monday trading, recovering from recent losses as upbeat domestic data supports the Kiwi. The pair snapped a two-day slide, buoyed by an improvement in local manufacturing and a rise in inflation expectations, while market action remains largely muted across G10 currencies. The New Zealand Dollar is outperforming peers, supported by improving local fundamentals, even as global risk appetite remains subdued.
USD/CAD
The USD/CAD pair struggles to gain any meaningful traction during the Asian session on Monday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3965-1.3970 region, nearly unchanged for the day amid mixed fundamental cues.
USD/CHF
The USD/CHF pair is trading higher on Monday, testing a significant resistance zone near 0.8380 as traders digest mixed economic signals from the United States and ongoing global trade tensions. Despite a modest 0.28% gain on the day, the pair’s upside remains constrained by broader concerns over US economic resilience and tariff policy uncertainty. The US Dollar Index (DXY), a gauge of the greenback’s performance against six major currencies, is trading flat around 100.80, reflecting a cautious market tone.
CRUDE OIL
Oil prices ticked lower in Asian trading on Monday after weekly gains, as oversupply concerns persisted amid U.S.-Iran nuclear talks, while investors assessed Chinese factory data showing resilience despite the effect of U.S. tariffs.
Gold (XAU/USD) is recovering from recent losses, trading near $3,230 per troy ounce during Monday’s Asian session. The rebound is fueled by increased demand for safe-haven assets amid rising concerns over the US economic outlook and fiscal health.
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