EUR/JPY extends its gains for the second successive session, trading around 172.10 during the Asian hours on Monday.

The GBP/JPY pair trades almost flat around 198.60 during the late Asian trading session on Monday. The pair strives to extend its four-day winning streak, with investors awaiting the United Kingdom (UK) labor market data for three-months ending June, which is scheduled to be released on Tuesday.

The EUR/USD pair climbs to near 1.1675 during the early European session on Monday. The Euro (EUR) strengthens against the US Dollar (USD) due to a potential meeting between US President Donald Trump and Russian President Vladimir Putin on Friday to end sanctions.

The NZD/USD pair ticks lower at the start of a new week and moves further away from over a one-week top touched on Friday, though it lacks follow-through selling. Spot prices currently trade around mid-0.5900s, down less than 0.10% for the day, amid mixed fundamental cues.

The Indian Rupee (INR) opens slightly negative around 87.70 against the US Dollar (USD) at the start of the week. The USD/INR ticks up as the Indian Rupee continues to underperform due to United States (US)-India trade tensions.

USD/CHF loses ground after two days of gains, trading around 0.8060 during the Asian hours on Monday. The pair edges lower due to rising odds of the Federal Reserve (Fed) delivering multiple rate cuts by the end of this year.

Gold prices fell in India on Monday, according to data compiled by FXStreet.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains and trading around 98.00 during the Asian hours on Monday.

US President Donald Trump on Monday posted on Truth Social that he hopes China would quadruple its soybean orders from the United States (US). Trump further stated that it was also "a way of substantially reducing" Beijing's trade deficit with Washington.

USD/CAD inches lower after two days of losses, trading around 1.3750 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) faces challenges amid recent weakening in US economic data, which prompted traders to price in the possibility of more interest rate cuts this year.

The Australian Dollar (AUD) remains steady against the US Dollar (USD) on Monday due to market caution ahead of the interest rate decision by the Reserve Bank of Australia due on Tuesday.

The Japanese Yen (JPY) kicks off the new week on a subdued note amid relatively thin liquidity on the back of the Mountain Day holiday in Japan. Traders also seem reluctant to place aggressive directional bets amid mixed Bank of Japan (BoJ) rate hike cues.

New Zealand (NZ) Prime Minister Christopher Luxon made some comments on the 15% tariffs levied on NZ exports to the United States (US)

EUR/USD edges higher after registering losses in the previous session, trading around 1.1650 during the Asian hours on Monday.

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1405 as compared to Friday's fix of 7.1382 and 7.1845 Reuters estimate.

The NZD/USD pair loses ground to near 0.5950 during the early Asian session on Monday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) as China’s deflation fears linger.

The GBP/USD pair kicks off the new week on a subdued note and consolidates its recent goodish recovery gains from the 1.3140 area, or the lowest level since April 14, touched earlier this month.

Iran’s Foreign Minister Abbas Araghchi said that Iran will not allow nuclear site inspections when a senior International Atomic Energy Agency (IAEA) official visits Tehran on Monday, Bloomberg reported late Sunday.

The AUD/USD pair trades on a softer note around 0.6520 during the early Asian session on Monday. The Australian Dollar (AUD) edges lower against the US Dollar as concerns about China’s deflation persist.

Federal Reserve (Fed) Governor Michelle Bowman said on Saturday that the latest weak labor market data underscores her concerns about labor market fragility and strengthens her confidence in her own forecast that three interest rate cuts will likely be appropriate this year.

China’s Consumer Price Index (CPI) was unchanged in July from a year ago after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.

China Consumer Price Index (YoY) above forecasts (-0.1%) in July: Actual (0%)

China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%)

China Consumer Price Index (MoM) above expectations (0.3%) in July: Actual (0.4%)

Tornado Cash co-founder Roman Storm has seen support from crypto industry leaders after a Manhattan jury convicted him on Wednesday of operating an unlicensed money transmitting business.

Colombia Consumer Price Index (MoM) rose from previous 0.1% to 0.28% in July

Colombia Consumer Price Index (YoY) increased to 4.9% in July from previous 4.82%