The Australian Dollar underperforms its major currency peers, is down 0.7% to near 0.6970 against the US Dollar (USD) in the early European trade on Monday.
The Australian Dollar underperforms its major currency peers, is down 0.7% to near 0.6970 against the US Dollar (USD) in the early European trade on Monday.
EUR/GBP pares its daily losses and is hovering around 0.8670 during the Asian hours on Monday. The currency cross opened at a gap down as the Euro (EUR) faces struggles amid increased safe-haven demand due to increasing Middle East tensions.
The Indian Rupee (INR) extends its downfall against the US Dollar (USD) at the start of the holiday-shortened week. Indian markets will remain closed on Thursday due to Shri Ram Navami.
The USD/CHF pair gathers strength to near 0.7890 during the early European session on Monday. A hawkish hold from the US Federal Reserve (Fed) provides some support to the US Dollar (USD) against the Swiss Franc (CHF). Traders will closely monitor the situation in the Middle East.
The EUR/USD pair is down 0.2% to near 1.1545 during the late Asian trading session on Monday. The major currency pair is under pressure as the US Dollar (USD) gains amid an increase in demand for safe-haven assets due to escalating conflicts in the Middle East.
Gold (XAU/USD) adds to its recent heavy losses registered over the past three weeks or so and attracts some follow-through selling for the fourth consecutive day on Monday.
The NZD/USD pair attracts sellers for the second straight day and slides back closer to the 0.5800 mark during the Asian session on Monday. Moreover, the broader fundamental backdrop and technical setup suggest that the path of least resistance for spot prices remains to the downside.
The GBP/JPY cross attracts some dip-buyers near the 211.85 region during the Asian session on Monday, though it lacks follow-through and remains confined in a range held over the past week or so.
Silver price (XAG/USD) extends its losing streak for the fifth successive session, trading around $65.60 per troy ounce during the Asian hours on Monday.
The USD/JPY pair attracts some follow-through buying for the second straight day and climbs to mid-159.00s during the Asian session on Monday. Spot prices remain close to the highest level since July 2024, touched last week, though intervention fears might cap further gains.