The Dollar remains stronger as the US NFP cooled hopes of Fed cuts Monetary policy decisions by the Fed and the ECB to set the pair’s direction this week.
Blogs
WTI trades around $71.40 after retracing its intraday gains
West Texas Intermediate (WTI) trims its intraday profits, struggling to continue its winning streak for the third successive session.
Gold price struggles near two-week low amid modest USD strength, reduced Fed rate cut bets
Gold price (XAU/USD) fell over 1.5% intraday and touched a two-week trough on Friday following the release of stronger-than-expected employment details from the United States (US).
AUD/USD could be testing the 0.70 area on a 12-month view – Rabobank
Economists at Rabobank expect the AUD/USD pair to rise throughout the next year.
Japanese Yen erases a major part of last week's gains, slumps to mid-146.00s against USD
The Japanese Yen (JPY) kicks off the new week on a softer note amid reports that Bank of Japan (BoJ) Governor Kazuo Ueda's comments last week were taken out of context and not meant to signal anything about the timing of a policy change.
USD/CAD Price Analysis: Trades below 1.3600 post-cutting intraday gains
USD/CAD trims its intraday gains, struggling to recover recent losses despite the stronger US Dollar (USD).
EUR/USD: Potential to dip back to the 1.05 region over the coming quarter – Rabobank
Economists at Rabobank expect the Euro to weaken in the coming months.
BoJ sees little need to scrap negative interest rate policy in December – Bloomberg
Citing sources, Bloomberg News reported on Monday that Bank of Japan (BoJ) officials see little need to abandon the negative interest rate policy (NIRP) this month.
India Gold price today: Gold extends correction, according to MCX data
Gold prices fell in India on Monday, according to data from India's Multi Commodity Exchange (MCX).
USD/INR: RBI will be content to see a stable Rupee – Commerzbank
USD/INR remains remarkably stable. Economists at Commerzbank analyze the pair’s outlook.