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EUR/CAD rebounds after opening with a gap lower, trading near 1.5830 during the Asian session on Monday.

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 GBP/USD pair holds losses near 1.3335 during the Asian trading hours on Monday, pressured by a stronger US Dollar (USD). Escalating conflict in the Middle East pushed Brent crude oil prices above $100 per barrel.

West Texas Intermediate (WTI) crude eases from intraday highs but remains elevated near $98.10 per barrel during Monday’s Asian session, supported by persistent Middle East supply concerns.

The Israel Defense Forces (IDF), the nation’s military, said in a social media post on Monday that it has begun a wide-scale wave of “extensive strikes” targeting Iranian infrastructure in Tehran.

Stock markets in the Asian region have fallen like a house of cards at the start of the week as escalating conflicts in the Middle East, following United States (US) President Donald Trump’s ultimatum to Iran for reopening the Strait of Hormuz has further prompted energy supply concerns.

USD/CAD continues to lose ground for the second successive session, trading around 1.3710 during the Asian hours on Monday.

Saudi Aramco, the world's top oil exporter, cut crude supply to Asian buyers for a second month ‌in April after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz, Reuters reported on Monday.

AUD/JPY remains in the negative territory, trading around 111.70 during the Asian hours on Monday. The currency cross struggles as the Australian Dollar (AUD) comes under pressure from escalating geopolitical tensions that continue to weigh on overall market sentiment.

The AUD/USD pair opened with a modest bearish gap on Monday and touched a one-week low during the Asian session, though it lacked follow-through selling. Spot prices currently trade around the 0.7000 psychological mark, down 0.25% for the day,