The US Dollar (USD) added to Friday’s decline as investors continued to assess the latest NFP figures, while expectations of extra rate cuts by the Federal Reserve kept the currency under scrutiny.
The Pound Sterling advances at the beginning of the week as traders continue to digest the recent US employment report that keeps investors’ chances about an interest rate cut by the Fed. At the time of writing, the GBP/USD trades at 1.3541, up 0.26%.
The EUR/JPY cross rises to near 173.55 during the early European trading hours on Monday. The Japanese Yen (JPY) weakens against the Euro (EUR) following news that Japanese Prime Minister Shigeru Ishiba had resigned.