The AUD/USD pair touches a one-and-a-half-week low, around the 0.7140 region during the Asian session on Monday, though it lacks follow-through. Spot prices currently trade just above mid-0.7100s, down nearly 0.25% for the day.

The NZD/USD pair tumbles to around 0.5790 during the early Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on a dovish hike from the Reserve Bank of New Zealand (RBNZ).

USD/CAD halts its three-day winning streak, trading around 1.3870 during Asian hours on Monday. The pair inches lower as the commodity-linked Canadian Dollar (CAD) receives support from elevated oil prices.

The USD/JPY pair attracts some buyers at the start of a new week and climbs closer to the 154.00 mark during the Asian session, reversing a part of Friday's losses.

The GBP/USD pair struggles to capitalize on Friday's bounce from the vicinity of the monthly swing low and consolidates above the 1.3500 psychological mark at the start of a new week.

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7698 compared to Friday's fix of 6.7743 and 6.7083 Reuters estimate.

The EUR/USD pair declines to near 1.1585 during the early Asian session on Monday. The pair extends the decline amid aggressive Federal Reserve (Fed) rate-hike bets following hotter US inflation reports. Traders brace for the Fed interest rate decision later on Wednesday. 

The AUD/USD pair edges lower to around 0.7160 during the early Asian session on Monday. Stronger-than-expected US inflation reports provide some support to the US Dollar (USD) against the Australian Dollar (AUD). All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday. 

The AUD/USD ended the day in the green but finished the week 0.45% lower amid growing bets that the Fed will raise rates next week, boosting the US Dollar. Nevertheless, on Friday, the pair traded at 0.7171, up a decent 0.38%.

The USDCHF climbs over 0.40% on Friday after US consumer inflation data, coupled with Thursday's PPI, pushed investors to price in a Fed interest rate hike at next week's meeting. The pair trades at 0.8165 after rebounding from daily lows of 0.8124.

USD/JPY is trading around 153.70 on Friday, down for the day after briefly spiking above 154.50 following the US inflation release.

Russia Consumer Price Index (MoM) above expectations (-0.1%) in August: Actual (-0.08%)

The Pound Sterling climbs against the US Dollar, up 0.10%, as the latest US consumer inflation report came in line with forecasts, and although money markets had increased the odds of a Fed rate hike next week, traders faded the initial reaction.

AUD/USD is edging higher today but is yet to retake the 0.7200 mark on Friday. The pair is clawing back part of the previous session's sharp sell-off after hitting multi-month highs in the high 0.7200s.

USD/CHF holds onto gains on Friday even as the US Dollar (USD) turns lower following the release of the latest United States (US) Consumer Price Index (CPI) report, which strengthened expectations that the Federal Reserve (Fed) could raise interest rates next week.

USD/CAD rises 0.27% on Friday and trades around 1.3870 at the time of writing, after reaching a daily high of 1.3882 in the immediate reaction to the release of United States (US) inflation data.

USD/JPY falls 0.54% on Friday and trades around 153.60 at the time of writing.

EUR/USD reverses earlier losses on Friday after the latest United States (US) Consumer Price Index (CPI) report came broadly in line with expectations and failed to trigger a strong market reaction.

Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is trading heavy around 1.1600 after a hawkish 25 bps European Central Bank (ECB) hike to 2.50%. President Lagarde called the move a “no brainer” and signaled more hikes as inflation is seen above target for an extended period.

EUR/GBP edges lower on Friday, drifting toward the lower end of the range seen over the past week.

OCBC’s Christopher Wong highlights a rebound in USD/JPY as higher US Treasury yields, stronger US Dollar (USD) and elevated Oil prices support the pair, even as expectations for further BOJ normalisation cap upside.

The Euro (EUR) accelerates its reversal against the US Dollar (USD) on Friday, as the impulse from a hawkish hike by the European Central Bank (ECB) fades.

The Japanese Yen (JPY) bounces back against the US Dollar (USD) on Friday after a sharp corrective move the previous day. In the European trade, the USD/JPY is down 0.3% to near 154.00 at the time of writing.

AUD/USD advances 0.17% on Friday and trades around 0.7170 at the time of writing. The Australian Dollar (AUD) benefits mainly from growing expectations of further interest rate hikes by the Reserve Bank of Australia (RBA), following a series of hawkish comments from central bank officials.

The Swiss Franc extends losses for the sixth consecutive day against the US Dollar on Friday, nearing one-and-a-half-month lows at the mid-0.8100s.

AUD/JPY trades around 110.50 on Friday at the time of writing, posting a modest 0.04% decline on the day. The pair remains broadly stable as both the Australian Dollar (AUD) and the Japanese Yen (JPY) benefit from growing expectations of monetary tightening by their respective central banks.

Michael Pfister at Commerzbank notes the European Central Bank (ECB) delivered a second rate hike this year and raised its inflation projections above 2%, which their economists see as pointing to another hike in December.

The Canadian Dollar (CAD) underperforms its major currency peers on Friday. The North American currency faces selling pressure as Oil prices have retreated sharply after posting a fresh four-month high.

The GBP/USD pair struggles to capitalize on its modest intraday gains and trades near the 1.3500 psychological mark during the first half of the European session on Friday.

The Euro (EUR) retreated below 179.00 against the Japanese Yen (JPY) on Friday, as the mild recovery seen after Thursday's European Central Bank (ECB) meeting failed to find follow-through above 179.50.