The cryptocurrency market experienced a sharp correction on Monday, with total liquidation surpassing $800 million in the past 24 hours.
The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
USD/CAD halts its four-day winning streak, trading around 1.3900 during the Asian hour on Monday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from higher Oil prices, given Canada’s status as the largest crude exporter to the United States (US).
The Japanese Yen (JPY) scales higher against a broadly weaker US Dollar (USD) for the second consecutive day on Monday and climbs to over a one-week high during the Asian session.
Privacy coins, such as Dash (DASH) and Monero (XMR), extend gains on Monday amid a broader cryptocurrency market pullback as the short-term surge in demand fades. The meme coin Story (IP) shares the top-gainer spot with privacy coins over the last 24 hours.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices face a correction on Monday as renewed EU–US trade-war concerns dent risk sentiment across global assets. BTC slipped below $93,000 while ETH and XRP followed BTC’s footsteps and traded lower.
The Australian Dollar strengthened against the US Dollar (USD) on Monday following the release of Australia’s TD-MI Inflation Gauge, which rose to 3.5% year-over-year (YoY) in December, up from 3.2% previously.
Silver price (XAG/USD) trades in positive territory near $92.65 during the Asian trading hours on Monday. The white metal is set to hit a fresh record high as US President Donald Trump’s tariff threats boost the safe-haven flows.
The NZD/USD pair attracts fresh buyers at the start of a new week and jumps to a four-day high, around the 0.5770 area, during the Asian session amid a broadly weaker US Dollar (USD).
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0051 compared to Friday's fix of 7.0078 and 6.9689 Reuters estimate.
EUR/USD gains ground after four days of losses, trading around 1.1630 during the Asian hours on Monday. The upside in the risk-sensitive pair may remain capped amid rising safe-haven demand, driven by escalating uncertainty surrounding the US–Greenland issue.
The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid US President Donald Trump's latest tariff threats against Europe over Greenland.
West Texas Intermediate (WTI) US Crude Oil prices rebound from the $58.70 area, or a one-week low touched during the Asian session, and fill a major part of the bearish gap opening on Monday. The commodity currently trades around the $59.20 region, down only 0.15% for the day, amid mixed cues.
Gold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.