The current price movements appear to be part of a range trading phase between 144.05 and 145.00. In the longer run, US Dollar (USD) appears to have moved into a range trading phase between 143.50 and 146.50 against Japanese Yen (JPY), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The EUR/USD pair extends the rally to around 1.1720 during the early Asian trading hours on Monday, bolstered by a weaker US Dollar (USD). The Greenback weakens against the Euro (EUR) as traders are convinced that the Federal Reserve (Fed) will cut rates at the September meeting.
There's no stopping the price of Platinum: Yesterday, it climbed above the $1,400 per troy ounce mark for the first time since September 2014, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen and commodity analyst Barbara Lambrecht note.