The Australian Dollar (AUD) is weakening against the Japanese Yen (JPY) on Monday, as the steep bullish rally pertaining to the AUD/JPY pair shows clear signs of slowing.
The FX galaxy remained cautious ahead of the release of the key US inflation readings on Tuesday, although the Greenback managed to outperform its main competitors on the back of persistent trade concerns and the widespread offered bias in the risk-linked space.
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Monday, pressured by renewed safe-haven flows into the Greenback following US President Donald Trump’s latest tariff threats.
The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as rate expectations and tariffs continue to drive sentiment.
The Euro (EUR) regains ground against the US Dollar (USD) on Monday, after hitting its lowest level in over two weeks earlier in the day, as traders reassess the impact of escalating trade tensions between the United States (US) and the European Union (EU).
The Pound Sterling retreats some 0.18% during the North American session as the Greenback recovers on US President Donald Trump's wave of tariffs that included the European Union (EU) and Mexico.
The USD/CAD pair is trading flat on Monday as traders digest US tariff threats against the EU and Mexico and look ahead to the release of inflation data on Tuesday.