EUR/JPY gains ground after registering nearly 0.5% losses the previous trading day, hovering around 186.80 during Asian hours on Monday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

The USD/CHF pair trades 0.13% higher to near 0.7830 during the Asian trading session on Monday. The Swiss Franc pair rises as the US Dollar (USD) trades higher, following Iran’s denial to attend the second round of talks with the United States (US).

The AUD/USD pair attracts some dip-buying following a bearish gap opening to the 0.7115 region on Monday and climbs back above mid-0.7100s during the Asian session.

Silver price (XAG/USD) pares its daily losses, trading around $80.50 per troy ounce during the Asian hours on Monday.

The USD/CAD pair attracts some dip-buyers following a modest bearish gap opening on Monday and retakes the 1.3700 mark during the Asian session.

NZD/USD pares its daily losses, trading around 0.5880 during the Asian hours on Monday.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8648 compared to last Friday's fix of 6.8622 and 6.8291 Reuters estimate.

The GBP/USD pair opens with a bearish gap at the start of a new week and moves further away from a two-month high, around the 1.3600 mark, touched on Friday.

EUR/USD edges higher after opening at a gap down, still remaining in the negative territory and trading around 1.1760 during the Asian hours on Monday.

The USD/JPY pair holds positive ground near 159.10 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) amid renewed tensions between the US and Iran during more than seven weeks of war in the Middle East.

The AUD/USD pair attracts some sellers to near 0.7140 during the early Asian session on Monday. Escalating tensions between the US and Iran continue to weigh on the Australian Dollar (AUD) against the US Dollar (USD). The US March Retail Sales report will be in the spotlight later on Tuesday. 

Silver price surges over 4% on Friday, reclaims $81.00 a troy ounce as the Greenback gets battered on positive news around the Middle East conflict.

USD/JPY edges lower on Friday as the Japanese Yen (JPY) strengthens against a softer US Dollar (USD), with easing Oil prices providing additional support, given Japan’s heavy reliance on imported energy. At the time of writing, the pair is trading around 158.18, down 0.61% on the day.

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Friday, with USD/CHF on track for a second consecutive weekly decline as the Greenback remains under pressure amid improving market sentiment on hopes of a potential US-Iran deal.

GBP/USD advances during the North American session as breaking news revealed Iran’s reopening of the Strait of Hormuz following the agreement of a ceasefire in Lebanon, which pushed the British Pound to a daily high near 1.3600. At the time of writing, the pair trades at 1.3567, up 0.36%.

USD/CAD declines on Friday, trading around 1.3670 at the time of writing, down 0.26% on the day. The pair remains under pressure as the Canadian Dollar (CAD) strengthens against the US Dollar (USD) despite a sharp drop in Oil prices.

The AUD/USD surged toward the 0.7200 price region on Friday, as improving headlines out of the Middle East weigh on the US Dollar (USD) and support risk-sensitive currencies like the Australian Dollar (AUD).

Nordea’s Henrik Unell maintains a constructive stance on the Swedish Krona, arguing that carry should be secondary to growth prospects and equity flows.

The Euro (EUR) edges higher against the US Dollar (USD) on Friday as the Greenback comes under heavy selling pressure after Iran’s decision to reopen the Strait of Hormuz improved overall market sentiment and raised hopes for a potential US-Iran peace agreement.

GBP/JPY trades with a mild downside bias on Friday in relatively calm market conditions, with the Japanese Yen modestly outperforming the British Pound as growing expectations around a potential US–Iran peace agreement weigh on Oil prices.

USD/JPY falls toward 158.20 at the time of writing, down 0.61% on Friday after hitting a daily high of 159.53 earlier. The pair now faces notable selling pressure as improving geopolitical conditions in the Middle East reduce demand for safe-haven US Dollar (USD).

ING keeps a mildly bearish profile for USD/CAD into year‑end, driven mainly by expected Dollar weakness once the Federal Reserve resumes cutting in 3Q. Canada’s domestic backdrop is less supportive, with the Bank of Canada worried about upcoming USMCA talks and jobs.

The New Zealand Dollar (NZD) shows marginal losses against the US Dollar (USD) on Friday, trading around 0.5885 at the time of writing, after pulling back from monthly highs, around 0.5920 earlier this week.

The USD/CHF pair trades 0.15% lower at around 0.7825 during the European trading session on Friday. The Swiss Franc pair faces selling pressure as optimism towards a permanent ceasefire between the United States (US) and Iran has diminished the appeal of safe-haven assets.

DBS Group Research’s Philip Wee notes that EUR/USD’s recent advance stalled after repeated failures to break 1.18, as the European Central Bank (ECB) pushes back against expectations for an April rate hike.

BNY’s Bob Savage notes that the Reserve Bank of India (RBI) has told state-run Oil refiners to cut spot US Dollar (USD) purchases and instead tap a special credit line via State Bank of India.

The Australian Dollar (AUD) outperforms its major currency peers, trading 0.16% higher to near 0.7175 ahead of the opening of United States (US) markets during the European trading session on Friday.

The US Dollar (USD) keeps heading south against the Canadian Dollar (CAD) on Friday, reaching three-week lows at 1.3670.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that UK gilts and the Pound are underperforming as political pressure on Prime Minister Keir Starmer intensifies. The bank expects Labour’s weak standing and fiscal credibility challenges to weigh on UK assets.

EUR/GBP trades around 0.8715 on Friday at the time of writing, up 0.06% on the day, as the Euro (EUR) finds moderate support from stronger inflation data in the Eurozone while the Pound Sterling (GBP) remains constrained by cautious signals from the Bank of England (BoE).