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The Pound edged higher against its US rival and struck a 3-week peak during early trade in London after Britain eased back on some of its quarantine restrictions.

Risky assets rallied and the euro traded near two-months highs on Monday as signs of economic recovery in China gave investors newfound hope that economic recovery will be possible on other parts of the world.

Stock markets open strongly in Asia; U.S. Dollar weakens; Silver hits new 3-month high; New daily confirmed coronavirus cases hit all-time high over weekend; Curfews imposed in over 40 U.S. cities

Brazil reported a 1.5% decrease in its first-quarter GDP, while the Finance Ministry announced it expects a more significant second-quarter contraction.

AUD/USD: Australian Dollar is the strongest major currency

USD/JPY: New gently descending price channel

BTC/USD: Ascending medium-term price channel

GBP/USD: Remains bullish above 1.3271

EUR/USD: New long-term bullish trend getting underway

The Euro has extended gains during the day on Friday, reaching well above the 1.11 handle before pulling back.