USD/CAD gains ground after registering modest losses in the previous session, trading around 1.3660 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) rises on increased safe-haven demand amid escalating Middle East tensions.

The Pound Sterling underperforms its major currency pairs, except antipodeans, and is down over 0.4% to near 1.3400 against the US Dollar (USD) during the late Asian trading session on Monday.

The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD), with the USD/INR pair rising 0.25% to near 91.75 amid sour market sentiment and surging oil prices due to a brutal war between the United States (US) and Iran.

Silver price (XAG/USD) edges lower to near  $93.75 during the early European session on Monday, pressured by a renewed US Dollar (USD) demand. Traders will closely monitor the developments surrounding the US-Iran conflict.

The EUR/USD pair claws back some of its early losses during the late Asian trading session on Monday, but is still 0.25% down to near 1.1780.

The GBP/JPY cross rebounds swiftly from the Asian session low, around the 209.00 mark, and climbs to a fresh daily high in the last hour, filling the weekly bearish gap opening.

The AUD/USD pair rebounds following the weekly bearish gap opening to the 0.7030 area, or the lower end of a three-week-old range, and climbs back above the 0.7100 mark during the Asian session.

EUR/GBP moves sideways after two days of gains, trading around 0.8770 during the Asian hours on Monday.

The USD/CAD pair attracts some sellers following a modest Asian session uptick to the 1.3675 area and currently trades just above a two-week low, touched on Friday.

AUD/JPY pares daily losses, trading around 111.00 during the Asian hours on Monday. The currency cross appreciates as the Australian Dollar recovers recent losses despite the increased safe-haven demand amid escalating Middle East tensions.

The NZD/USD pair finds decent support near the lower boundary of an over one-week-old range and attracts some buyers near the 0.5950-0.5945 region during the Asian session on Monday. Spot prices, however, remain below the 0.6000 psychological mark amid a fresh wave of the global risk-aversion trade.

The EUR/JPY cross loses ground to near 184.20 during the Asian trading hours on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as traders turn to safe-haven currency amid the Iran crisis. 

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

The USD/JPY pair catches fresh bids at the start of a new week and climbs back closer to last week's swing high, though it lacks follow-through and remains below the 157.00 mark through the Asian session.

AUD/USD recovers after opening at a gap down, trading around 0.7070 during the Asian hours on Monday. The risk-sensitive pair plunged as risk aversion heightened after the United States (US) and Israel carried out coordinated strikes on Iran over the weekend.

The EUR/USD pair opens with a bearish gap at the start of a new week as the US-Iran war-led global flight to safety boosts the US Dollar (USD). Spot prices, however, lack follow-through selling and manage to hold above mid-1.1700s during the Asian session.

Silver price (XAG/USD) jumps to near $94.90 during the early Asian trading hours on Monday. The white metal attracts some buyers amid escalating geopolitical tensions in the Middle East following the United States (US) and Israeli strikes on Iranian targets. 

The USD/CAD pair attracts fresh buyers at the start of a new week and reverses a major part of Friday's losses to the 1.3625 area or a nearly two-week low. Spot prices trade around the 1.3665-1.3670 region during the Asian session, up 0.15% for the day.

The NZD/USD pair tumbles to near 0.5955 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Escalating tensions in the Middle East weigh on the riskier assets, such as the Kiwi. Traders will closely monitor the developments surrounding the US-Iran tensions.

The USD/CHF pair holds positive ground around 0.7695 during the early Asian session on Monday. Traders continue to assess the impact of the escalating Mideast war after the US and Israel strike on Iran over the weekend.

The GBP/USD pair attracts some sellers to around 1.3420 during the early Asian session on Monday. The US Dollar (USD) edges higher against the Cable amid escalating tensions in the Middle East after recent US-Israeli strikes on Iran over the weekend.

The Japanese Yen (JPY) is trying hard to regain control against the US Dollar (USD) in a fight to emerge as the traditional safety bet as the war between the United States (US), Israel and Iran enters its third day.

The AUD/USD pair tumbles to around 0.7055 during the early Asian session on Monday.

South Korea Trade Balance registered at $15.5B above expectations ($10B) in February

The Pound Sterling drops some 0.10% as the Greenback gets underpinned by a hot inflation report in the US, which prompted investors to price in a less dovish Federal Reserve. Also heightened risks in the Middle East weighed in the GBP/USD pair, which trades at 1.3469 at the time of writing.

The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Friday as the Greenback reverses earlier gains despite stronger-than-expected US Producer Price Index (PPI) data. At the time of writing, AUD/USD is trading around 0.7112 and is on track for an eighth consecutive week of gains.

NZD/USD trades around 0.6000 on Friday at the time of writing, up 0.19% on the day, benefiting from a modest pullback in the US Dollar (USD) amid a wait-and-see mood ahead of fresh signals on the outlook for monetary policy in the United States (US).

EUR/USD steadies on Friday, extending the range-bound price action that has defined trading so far this week. The Euro (EUR) remains relatively firm after the US Dollar (USD) failed to build on stronger-than-expected US Producer Price Index (PPI) data.

USD/JPY hovers around 156.00 on Friday at the time of writing, down 0.08% on the day, despite the release of stronger-than-expected US Producer Price Index (PPI) data. The move reflects a measured market reaction, with the US Dollar (USD) struggling to extend its rebound after the inflation figures.

Societe Generale analysts note that Deputy Governor Galia Borja signaled Banxico has room to resume rate cuts, pointing to weak domestic demand, falling investment and a stronger Peso.