Gold price (XAU/USD) attracts some dip-buying during the Asian session on Monday, though it remains confined in a familiar range near the all-time peak touched last week.
The Japanese Yen (JPY) builds on last week's strong gains against its American counterpart and drags the USD/JPY pair below the 149.00 mark, or the lowest level since early December during the Asian session on Monday.
The Indian Rupee (INR) flat lines on Monday. The concern over Foreign Portfolio Investment (FPI) outflows, with foreign investors offloading over $11 billion in Indian stocks this year might weigh on the local currency.
The Australian Dollar (AUD) retraces its recent losses from the previous session on Monday following the Chinese government’s release of its annual policy statement for 2025 on Sunday.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1717 as compared to Friday's fix of 7.1696 and 7.2498 Reuters estimates.
The GBP/USD pair kicks off the new week on a positive note and climbs above mid-1.2600s during the Asian session, closer to over a two-month top touched on Friday.
European Central Bank policymaker and Bank of France head, Francois Villeroy de Galhau, said on Saturday that the ECB could cut its deposit rate down to 2% by this summer, per Reuters.
European Central Bank Governing Council member Jose Luis Escriva said late Sunday that monetary policy must be approached with caution given the current extraordinary uncertainty, per Bloomberg.
According to exit surveys conducted by German broadcaster ZDF, the Christian Democratic Union and its allied Christian Social Union secured the largest share of votes in the German federal election on Sunday, per CNBC.
New Zealand’s Retail Sales, a measure of the country’s consumer spending, rose 0.9% QoQ in the fourth quarter (Q4) from the previous reading of a 0.1% decline, according to the official data published by Statistics New Zealand on Monday.
Keeping an eye on the latest executive transitions that happened this week, XS.com named Stelios Pallis as the new Chief Technology Officer, Eurex Clearing CEO Erik Tim Müller is set to step down a...
Bybit faced one of the largest security breaches in crypto history, but rather than standing alone, the exchange witnessed an extraordinary wave of industry-wide support.
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