The USD/CAD pair extends its winning streak for the sixth trading day on Monday, jumping to near 1.3900 in the Asian trade, the highest level seen in over two months.
West Texas Intermediate (WTI) – the US oil benchmark – witnesses a fresh leg higher in early dealings on Monday, extending its winning streak into a fourth consecutive trading day.
The Pound Sterling (GBP) trades lower against the US Dollar (USD) at around 1.3240 in the opening trade at the start of the week, the lowest level seen in almost two weeks.
European Central Bank (ECB) Governing Council (GC) member and Bank of France Governor, François Villeroy de Galhau made some comments on the monetary policy in his speech early Monday.
In its latest post on X, the Israel Defense Forces (IDF). the nation’s military, said that “in the past hour, the Air Force intercepted two unmanned aerial vehicles launched from Yemen.”
The EUR/USD pair extends its losing streak for the fifth trading day on Monday, trading 0.15% lower to near 1.1490 during the early Asian trading session.
The Japanese Yen (JPY) continues to remain at the receiving when compared to the US Dollar (USD) as a new week begins in Asia on Monday.
The Australian Dollar (AUD) trades lower against its major currency peers at the start of the week, trading 0.27% lower to near 0.6850 against the US Dollar (USD) in the opening trade.
Here’s a brief recap of important developments that occurred over the weekend as the Middle East war enters its fifth week, with no signs of any truce.
DBS Group Research economist Chua Han Teng highlights that Thailand’s financial markets, particularly the Thai Baht (THB) and equities, are under pressure due to vulnerability to Middle East conflict-related commodity shocks.
UOB’s Global Economics & Markets Research, via Julia Goh and Loke Siew Ting, notes that the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) kept the RRP (Reverse Repurchase Rate) rate at 4.25% in an off-cycle meeting as supply-driven inflation and Middle East risks intensify.
Silver (XAG/USD) price turns positive on Friday after posting back-to-back bearish sessions, as heightened tensions in the Middle East decreased the white metal’s safe-haven appeal, prompting traders to turn to the US Dollar (USD).
