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Indian Rupee (INR) loses traction on Monday amid the rebound of the US Dollar (USD).

The USD/IDR pair gathers strength during the early European session on Monday.

Here is what you need to know on Monday, January 29: The action in financial markets remain subdued early Monday as investors prepare for this week's key central bank meetings and macroeconomic events.

The GBP/USD pair ticks higher following an Asian session dip on Monday, albeit lacks follow-through and remains confined in a familiar range held over the past two weeks or so.

The UK public's expectations for inflation for the year ahead fell in November and December, the latest survey conducted by US bank Citi and polling firm YouGov showed on Monday.

The Japanese Yen (JPY) remains on the defensive against its American counterpart at the start of a new week and languishes near a two-month low touched on January 19.

The EUR/JPY cross loses traction below the mid-160s during the early European trading hours on Monday.

The Australian Dollar (AUD) trades higher on Monday, recovering its recent losses in the previous session.

The USD/CHF continues to lose ground for the second straight session, edging lower to near 0.8640 during the Asian hours on Monday.

EUR/USD trades lower around 1.0840 during the Asian session on Monday, retracing its recent gains.