The GBP/USD pair opens with a bearish gap at the start of a new week and, for now, seems to have snapped a five-day winning streak to its highest level since late February, around the 1.3485 region set last week.
United States (US) President Donald Trump confirms, through a post on Truth.Social, the blockade on ships entering to and exiting from Iranian ports will officially begin today, April 13, at 10:00 AM ET (14:00 GMT).
AUD/JPY pares its daily losses but remains in the negative territory, trading around 112.40 during the Asian hours on Monday.
The USD/CAD pair retreats a few pips from the Asian session high and currently trades around the 1.3860-1.3855 region, up around 0.15% for the day.
In a parliamentary election in Hungary on Sunday, Péter Magyar, leader of the nation’s center-right opposition Tisza party, defeated veteran incumbent Prime Minister Viktor Orbán in a landslide victory.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
West Texas Intermediate (WTI), futures on NYMEX, trade 7.6% higher to near $98.00 during the Asian trading session on Monday.
EUR/USD edges higher after opening at a gap down, trading around 1.1690 during the Asian hours on Monday. The daily chart technical analysis indicates a bullish bias, as the pair is rising within an ascending channel.
The USD/JPY pair builds on gains from the past two days and opens with a bullish gap at the start of the new week, rising to the 159.85 region during the Asian session. However, intervention fears keep a lid on any further appreciation for spot prices.
EUR/JPY pares its daily losses but remains in the negative territory, trading around 186.60 during the Asian hours on Monday. The currency cross faced challenges as the risk-sensitive Euro (EUR) lost ground following the failure of the United States (US)-Iran peace talks.
The USD/CHF pair kicks off the new week on a positive note and recovers further from a nearly three-week low, around the 0.7855 area, touched on Friday.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8657 compared to Friday's of 6.8654 and 6.8395 Reuters estimate.
