The GBP/JPY cross turns lower for the third straight day following a modest Asian session uptick to the 213.00 neighborhood on Monday and drops to a one-week low in the last hour.
The Japanese Yen (JPY) trades higher against its major currency peers during the Asian trading session on Monday, snapping a four-day losing streak against the US Dollar (USD), trading 0.2% down to near 160.00.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9223 compared to Friday's fix of 6.9141.
The USD/CHF pair attracts fresh buyers following a modest Asian session dip to the 0.7970 area and touches a fresh high since January 19 at the start of a new week.
NZD/USD extends its losing streak for the fifth successive day, trading around 0.5730 during the Asian hours on Monday. The pair depreciates as risk aversion intensifies amid fears of a potential United States (US) ground invasion in Iran.
Silver (XAG/USD) attracts fresh sellers during the Asian session on Monday and slides to the lower end of a familiar trading range held over the past week or so. The white metal is currently placed above the $68.00 mark, down nearly 2.0% for the day, and seems vulnerable to slide further.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Bank of Japan (BoJ) Governor Kazuo Ueda said during Asian trading hours on Monday, after the release of the central bank’s Summary of Opinions, that changes in the foreign exchange (FX) market are key factors that have a huge impact on Japan's economy, and prices.
Reuters is reporting the latest comments delivered by US President Donald Trump in his interview with the Financial Times (FT).
The Bank of Japan (BoJ) published its Summary of Opinions of the March monetary policy meeting, with the key takeaways found below.
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.
