HSBC reports that the Australian Dollar (AUD) is being supported by domestic factors, including expectations of rate hikes from the Reserve Bank of Australia (RBA) in 2026. The RBA is anticipated to begin tightening on February 3, with markets pricing in a significant chance of this move.
The Pound has shown strength, with GBP/USD rising to 1.3683, approaching last year's high. This upward momentum follows stronger than expected UK PMI surveys, indicating improved business confidence.
Silver (XAG/USD) prolongs its recent well-established uptrend and continues scaling new all-time peaks for the third straight day, rising to the 109.45 region on Monday.