EUR/CAD holds position after paring its intraday losses, trading around 1.6200 during the Asian hours on Monday. However, the currency cross still remains in the negative territory as the Euro (EUR) struggles amid increased risk aversion after the failure of the United States (US)-Iran peace talks.
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.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
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.
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.
