USD/MXN extends its losses for the third successive session on Monday, edging lower to near 17.00 during the early European session.
Here is what you need to know on Monday, March 4: Major currency pairs fluctuate near the previous week's closing levels early Monday as investors gear up for key macroeconomic events and data releases.
XRP price climbed to a new 2024 high of $0.65 on Saturday and suffered a minor pullback to $0.63, early on Monday.
The USD/CHF pair struggles to gain ground near 0.8830 after retreating from nearly the 0.8900 mark during the early European trading hours on Monday.
NZD/USD retraces recent gains, lowering down to near 0.6100 during the Asian session on Monday.
The EUR/USD pair trades in positive territory below the mid-1.0800s during the early European session on Monday.
Gold price (XAU/USD) is seen oscillating in a narrow range during the Asian session on Monday and consolidating last week's strong gains to the $2,088-2,089 region, or its highest level since December 28.
Speaking at a news conference on Monday, China's National People's Congress (NPC) spokesman Lou Qinjian said that Congress will hold its annual meeting in Beijing from March 5 to March 11.
Citing sources with knowledge of the matter, Japan’s Kyodo News agency reported on Monday, the Japanese government is mulling officially announcing an end to deflation, flagging heightened risks of policy tightening.
West Texas Intermediate (WTI) oil price edges higher to near $79.50 per barrel on Monday, following the decision of voluntary oil output cut, made in coordination with some OPEC+ participating countries, including Russia, aiming at addressing concerns about oversupply and stabilizing oil prices.
USD/CAD retraces recent losses, reaching higher to near 1.3560 during the Asian session on Monday.
The GBP/USD pair builds on Friday's goodish rebound from the 1.2600 round figure, or a one-and-half-week trough and gains some positive traction for the second successive day on Monday.
Indian Rupee (INR) trades on a flat note on Monday. The upside of INR is bolstered by data showing India’s GDP growth in the October-December quarter considerably above forecasts.
The Japanese Yen (JPY) kicks off the new week on a softer note and remains depressed below the 150.00 psychological mark against its American counterpart during the Asian session.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are eyeing a positive start to the week on Monday, taking cues from mostly higher Asian stocks and the advance in the Gift Nifty futures.
The Australian Dollar (AUD) trims its intraday gains and moves in the negative direction on Monday, influenced by a stable US Dollar amid improved US Treasury yields.
On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1020 as compared to the Friday's fix of 7.1059 and 7.1906 Reuters estimates.
The EUR/USD pair kicks off the new week on a positive note during the early Asian trading hours on Monday.